Global Retirement Partners LLC Sells 172 Shares of Generac Holdings Inc. (NYSE:GNRC)

Global Retirement Partners LLC reduced its stake in Generac Holdings Inc. (NYSE:GNRC) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,015 shares of the technology company’s stock after selling 172 shares during the period. Global Retirement Partners LLC’s holdings in Generac were worth $157,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Modus Advisors LLC acquired a new stake in shares of Generac in the 4th quarter valued at about $27,000. Versant Capital Management Inc boosted its holdings in Generac by 391.9% in 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 in the last quarter. Cranbrook Wealth Management LLC acquired a new stake in Generac in the fourth quarter valued at approximately $28,000. Brooklyn Investment Group bought a new stake in shares of Generac during the third quarter valued at approximately $31,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Generac during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Stock Up 0.3 %

Generac stock opened at $139.15 on Thursday. The firm has a 50 day moving average price of $152.17 and a 200-day moving average price of $160.56. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a twelve month low of $109.90 and a twelve month high of $195.94. The company has a market capitalization of $8.30 billion, a P/E ratio of 25.77, a P/E/G ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. As a group, equities analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays assumed coverage on shares of Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price objective on the stock. Wells Fargo & Company dropped their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus decreased their price objective on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Robert W. Baird dropped their target price on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, Truist Financial decreased their price target on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $174.00.

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.