Sigma Planning Corp Sells 2,319 Shares of Generac Holdings Inc. (NYSE:GNRC)

Sigma Planning Corp lowered its stake in Generac Holdings Inc. (NYSE:GNRC) by 56.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,790 shares of the technology company’s stock after selling 2,319 shares during the quarter. Sigma Planning Corp’s holdings in Generac were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. AE Wealth Management LLC purchased a new position in shares of Generac during the 3rd quarter valued at about $750,000. SG Americas Securities LLC grew its position in shares of Generac by 9.4% in the 3rd quarter. SG Americas Securities LLC now owns 10,048 shares of the technology company’s stock worth $1,095,000 after buying an additional 860 shares during the last quarter. Czech National Bank grew its position in shares of Generac by 47.7% in the 3rd quarter. Czech National Bank now owns 10,878 shares of the technology company’s stock worth $1,185,000 after buying an additional 3,515 shares during the last quarter. Peregrine Capital Management LLC boosted its position in shares of Generac by 912.1% during the third quarter. Peregrine Capital Management LLC now owns 57,608 shares of the technology company’s stock valued at $6,277,000 after purchasing an additional 51,916 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Generac by 18.2% during the third quarter. Commonwealth Equity Services LLC now owns 75,881 shares of the technology company’s stock valued at $8,268,000 after purchasing an additional 11,704 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $115.22, for a total transaction of $576,100.00. Following the transaction, the chief executive officer now directly owns 577,690 shares in the company, valued at approximately $66,561,441.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.80% of the company’s stock.

Generac Trading Up 0.9 %

Shares of NYSE GNRC opened at $140.12 on Monday. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $156.95. The business has a fifty day simple moving average of $122.62 and a two-hundred day simple moving average of $117.21. The firm has a market cap of $8.44 billion, a PE ratio of 42.59, a price-to-earnings-growth ratio of 1.85 and a beta of 1.45. The company has a quick ratio of 0.94, a current ratio of 2.27 and a debt-to-equity ratio of 0.62.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). Generac had a net margin of 5.33% and a return on equity of 14.15%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the business posted $1.78 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. Analysts expect that Generac Holdings Inc. will post 6.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GNRC has been the subject of several recent analyst reports. Roth Mkm boosted their price target on Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Robert W. Baird upped their price objective on Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Citigroup upped their price objective on Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Canaccord Genuity Group upped their price objective on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, OTR Global raised Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.65.

About Generac

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.