Truist Financial Corp Sells 765 Shares of Generac Holdings Inc. (NYSE:GNRC)

Truist Financial Corp decreased its position in Generac Holdings Inc. (NYSE:GNRC) by 3.4% in the 4th quarter, HoldingsChannel reports. The fund owned 21,469 shares of the technology company’s stock after selling 765 shares during the period. Truist Financial Corp’s holdings in Generac were worth $2,775,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of GNRC. Raymond James & Associates boosted its position in shares of Generac by 6.2% during the 3rd quarter. Raymond James & Associates now owns 148,479 shares of the technology company’s stock valued at $16,178,000 after acquiring an additional 8,634 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of 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 buying an additional 7,644 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Generac by 113.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 5,416 shares of the technology company’s stock worth $590,000 after buying an additional 2,873 shares during the period. Mackenzie Financial Corp boosted its stake in Generac by 13,944.2% in the 3rd quarter. Mackenzie Financial Corp now owns 297,456 shares of the technology company’s stock valued at $30,683,000 after buying an additional 295,338 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its position in Generac by 5.9% in the third quarter. IFM Investors Pty Ltd now owns 12,003 shares of the technology company’s stock valued at $1,308,000 after acquiring an additional 665 shares during the period. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Roth Mkm boosted their target price on shares of Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Canaccord Genuity Group upped their price objective on shares of Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Oppenheimer lifted their target price on shares of Generac from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Robert W. Baird increased their price target on Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, UBS Group cut their price objective on Generac from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $142.40.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $126.94, for a total value of $634,700.00. Following the completion of the sale, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at approximately $75,170,948.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

Generac Trading Up 0.1 %

GNRC opened at $136.41 on Wednesday. Generac Holdings Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $156.95. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 37.58, a price-to-earnings-growth ratio of 1.82 and a beta of 1.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.29 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $125.50 and a 200 day simple moving average of $119.00.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The company had revenue of $889.27 million for the quarter, compared to the consensus estimate of $886.60 million. During the same quarter in the prior year, the business posted $0.63 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 6.1 earnings per share for the current year.

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.