Tritonpoint Wealth LLC Has $2.24 Million Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Tritonpoint Wealth LLC reduced its position in Generac Holdings Inc. (NYSE:GNRC) by 5.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,432 shares of the technology company’s stock after selling 823 shares during the period. Tritonpoint Wealth LLC’s holdings in Generac were worth $2,238,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sunbelt Securities Inc. lifted its stake in shares of Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Modus Advisors LLC acquired a new stake in Generac during the fourth quarter worth approximately $27,000. Versant Capital Management Inc boosted its holdings in shares of Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after acquiring an additional 145 shares during the period. Cranbrook Wealth Management LLC acquired a new position in shares of Generac in the fourth quarter valued at approximately $28,000. Finally, Brooklyn Investment Group bought a new position in shares of Generac during the third quarter worth approximately $31,000. Institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

GNRC has been the topic of a number of research reports. Piper Sandler upped their price objective on Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Citigroup decreased their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group lifted their price objective on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Roth Mkm increased their target price on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Barclays started coverage on shares of Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target for the company. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $174.30.

Generac Trading Down 2.0 %

Shares of Generac stock opened at $149.27 on Friday. The firm’s 50 day moving average is $164.75 and its 200 day moving average is $161.40. The firm has a market capitalization of $8.88 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 1.50 and a beta of 1.42. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last posted its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm posted $1.64 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. Equities research analysts forecast that Generac Holdings Inc. will post 6.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO York A. Ragen sold 29,081 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the sale, the chief financial officer now owns 135,613 shares of the company’s stock, valued at $25,051,789.49. The trade was a 17.66 % 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. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the transaction, the executive vice president now directly owns 10,738 shares of the company’s stock, valued at approximately $1,971,282.04. This represents a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,268 shares of company stock worth $6,744,703 in the last 90 days. Insiders own 2.90% of the company’s stock.

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.