Private Advisor Group LLC Sells 825 Shares of Generac Holdings Inc. (NYSE:GNRC)

Private Advisor Group LLC cut its holdings in Generac Holdings Inc. (NYSE:GNRC) by 9.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,073 shares of the technology company’s stock after selling 825 shares during the period. Private Advisor Group LLC’s holdings in Generac were worth $1,252,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GNRC. Raymond James Trust N.A. increased its position in shares of Generac by 52.8% in the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock valued at $541,000 after acquiring an additional 1,177 shares during the period. Nordea Investment Management AB bought a new stake in shares of Generac in the fourth quarter worth about $5,229,000. Global Financial Private Client LLC purchased a new position in Generac during the 4th quarter valued at about $614,000. Principal Financial Group Inc. raised its position in Generac by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock valued at $11,324,000 after purchasing an additional 3,426 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Generac by 106.1% in the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock worth $4,998,000 after buying an additional 14,811 shares during the period. 84.04% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Generac Stock Performance

NYSE:GNRC opened at $136.45 on Friday. Generac Holdings Inc. has a twelve month low of $109.90 and a twelve month high of $195.94. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 1.44 and a beta of 1.42. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The firm’s fifty day simple moving average is $151.80 and its 200 day simple moving average is $160.41.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. As a group, equities research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GNRC. Truist Financial dropped their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company lowered their price objective on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Robert W. Baird reduced 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. TD Cowen raised their target price on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Barclays assumed coverage on Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and a consensus target price 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.