Kestra Private Wealth Services LLC Sells 2,429 Shares of Generac Holdings Inc. (NYSE:GNRC)

Kestra Private Wealth Services LLC lessened its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 28.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,096 shares of the technology company’s stock after selling 2,429 shares during the period. Kestra Private Wealth Services LLC’s holdings in Generac were worth $788,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GNRC. Commonwealth Equity Services LLC boosted its holdings in shares of Generac by 18.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 75,881 shares of the technology company’s stock valued at $8,268,000 after buying an additional 11,704 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Generac by 9.5% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 14,942 shares of the technology company’s stock worth $1,628,000 after purchasing an additional 1,300 shares in the last quarter. Xponance Inc. boosted its stake in Generac by 5.9% in the 3rd quarter. Xponance Inc. now owns 9,675 shares of the technology company’s stock worth $1,054,000 after purchasing an additional 540 shares in the last quarter. Raymond James & Associates boosted its stake in Generac by 6.2% in the 3rd quarter. Raymond James & Associates now owns 148,479 shares of the technology company’s stock worth $16,178,000 after purchasing an additional 8,634 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Generac by 11.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 73,797 shares of the technology company’s stock worth $8,041,000 after purchasing an additional 7,644 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on GNRC shares. OTR Global upgraded shares of Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. Oppenheimer boosted their target price on Generac from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday. Canaccord Genuity Group raised their price target on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. Guggenheim lowered shares of Generac from a “buy” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, Citigroup raised their target price on shares of Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.40.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the sale, the chief executive officer now directly owns 592,177 shares in the company, valued at approximately $75,170,948.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.80% of the company’s stock.

Generac Stock Up 3.7 %

Shares of GNRC stock opened at $133.38 on Friday. The stock has a market cap of $8.06 billion, a P/E ratio of 36.74, a PEG ratio of 1.82 and a beta of 1.41. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $156.95. The company has a quick ratio of 0.94, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. The company’s fifty day simple moving average is $124.48 and its two-hundred day simple moving average is $118.20.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.72 by $0.16. The business had revenue of $889.27 million for the quarter, compared to analysts’ expectations of $886.60 million. Generac had a net margin of 5.68% and a return on equity of 14.68%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 EPS. Analysts predict that Generac Holdings Inc. will post 6.1 EPS for the current fiscal year.

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.