SG Americas Securities LLC Sells 7,085 Shares of Generac Holdings Inc. (NYSE:GNRC)

SG Americas Securities LLC cut its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 80.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,702 shares of the technology company’s stock after selling 7,085 shares during the quarter. SG Americas Securities LLC’s holdings in Generac were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Albion Financial Group UT grew its holdings in shares of Generac by 350.0% in the fourth quarter. Albion Financial Group UT now owns 450 shares of the technology company’s stock worth $70,000 after purchasing an additional 350 shares during the last quarter. Dakota Wealth Management boosted its position in Generac by 59.1% during the 4th quarter. Dakota Wealth Management now owns 48,998 shares of the technology company’s stock valued at $7,597,000 after buying an additional 18,197 shares during the period. Nisa Investment Advisors LLC grew its holdings in Generac by 8.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,173 shares of the technology company’s stock worth $337,000 after acquiring an additional 165 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Generac by 323.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 8,960 shares of the technology company’s stock valued at $1,389,000 after acquiring an additional 6,843 shares during the period. Finally, Atwood & Palmer Inc. raised its stake in shares of Generac by 0.6% during the fourth quarter. Atwood & Palmer Inc. now owns 148,557 shares of the technology company’s stock valued at $23,034,000 after acquiring an additional 884 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.90% of the stock is currently owned by insiders.

Generac Trading Down 0.2 %

NYSE GNRC opened at $142.31 on Thursday. The stock’s fifty day moving average price is $161.85 and its 200-day moving average price is $161.10. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The stock has a market cap of $8.47 billion, a P/E ratio of 29.52, a P/E/G ratio of 1.51 and a beta of 1.42. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94.

Analysts Set New Price Targets

GNRC has been the topic of several recent analyst reports. Barclays assumed coverage on Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price on the stock. Piper Sandler boosted their target price on Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Stifel Nicolaus raised their price target on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Robert W. Baird reduced their price objective on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, The Goldman Sachs Group raised their target price on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $174.30.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.