First Bank & Trust Trims Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

First Bank & Trust decreased its stake in Generac Holdings Inc. (NYSE:GNRC) by 9.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,397 shares of the technology company’s stock after selling 1,069 shares during the period. First Bank & Trust’s holdings in Generac were worth $1,652,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sunbelt Securities Inc. grew its position in shares of Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. EntryPoint Capital LLC grew its position in shares of Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after purchasing an additional 90 shares in the last quarter. Blue Trust Inc. grew its holdings in Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after buying an additional 97 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after buying an additional 220 shares in the last quarter. Finally, Fairfield Financial Advisors LTD purchased a new position in Generac during the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the transaction, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Generac Stock Down 1.0 %

GNRC stock traded down $1.65 during trading on Friday, hitting $164.40. 515,470 shares of the company’s stock traded hands, compared to its average volume of 928,932. The firm has a market capitalization of $9.89 billion, a P/E ratio of 42.15, a PEG ratio of 2.15 and a beta of 1.38. The business has a fifty day simple moving average of $155.89 and a two-hundred day simple moving average of $147.08. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $176.14.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.15. The company had revenue of $998.20 million for the quarter, compared to analyst estimates of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. Generac’s revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $1.08 earnings per share. Sell-side analysts anticipate that Generac Holdings Inc. will post 6.49 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on GNRC. Roth Mkm raised their price target on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday. Canaccord Genuity Group raised their price target on Generac from $177.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Stifel Nicolaus restated a “buy” rating and set a $175.00 price target (up previously from $145.00) on shares of Generac in a report on Thursday, August 1st. Wells Fargo & Company raised their price objective on Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Finally, Scotiabank raised their price objective on Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Generac presently has a consensus rating of “Hold” and an average price target of $165.40.

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.