Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC trimmed its holdings in shares of Generac Holdings Inc. (NYSE:GNRCFree Report) by 2.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,984 shares of the technology company’s stock after selling 365 shares during the period. Private Advisor Group LLC’s holdings in Generac were worth $1,678,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Headlands Technologies LLC acquired a new position in Generac during the third quarter worth $28,000. BKM Wealth Management LLC purchased a new position in Generac in the 4th quarter valued at about $28,000. ORG Partners LLC acquired a new stake in Generac in the 4th quarter worth about $38,000. Operose Advisors LLC acquired a new position in shares of Generac during the third quarter valued at approximately $40,000. Finally, Pinnacle Bancorp Inc. lifted its position in shares of Generac by 89.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company’s stock valued at $40,000 after acquiring an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $126.94, for a total value of $634,700.00. Following the transaction, the chief executive officer now directly owns 592,177 shares in the company, valued at $75,170,948.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on GNRC shares. Roth Mkm raised their price objective on Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. UBS Group lowered their target price on Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Robert W. Baird upped their price objective on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Guggenheim cut Generac from a “buy” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, Oppenheimer upped their target price on shares of Generac from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $142.40.

Get Our Latest Research Report on Generac

Generac Trading Up 1.9 %

NYSE:GNRC opened at $140.07 on Tuesday. Generac Holdings Inc. has a 12-month low of $79.86 and a 12-month high of $156.95. The firm has a market cap of $8.49 billion, a PE ratio of 38.59, a price-to-earnings-growth ratio of 1.88 and a beta of 1.41. The company has a current ratio of 2.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average price of $127.56 and a 200 day moving average price of $120.48.

Generac (NYSE:GNRCGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The business had revenue of $889.27 million during the quarter, compared to analysts’ expectations of $886.60 million. During the same quarter last year, the business posted $0.63 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts anticipate that Generac Holdings Inc. will post 6.08 earnings per share for the current fiscal year.

About Generac

(Free Report)

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.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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