Stifel Financial Corp Sells 2,854 Shares of Generac Holdings Inc. (NYSE:GNRC)

Stifel Financial Corp cut its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 5.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 47,279 shares of the technology company’s stock after selling 2,854 shares during the period. Stifel Financial Corp’s holdings in Generac were worth $7,512,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in Generac during the third quarter worth about $31,000. SouthState Corp bought a new stake in shares of Generac during the 3rd quarter worth approximately $32,000. Sunbelt Securities Inc. boosted its holdings in shares of Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Generac by 73.5% in the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after buying an additional 97 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its holdings in Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after buying an additional 220 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on GNRC. Robert W. Baird cut their price target on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Barclays initiated coverage on Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target for the company. TD Cowen upped their price objective on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup lifted their target price on Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Piper Sandler increased their price target on Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $175.30.

Generac Price Performance

Generac stock opened at $173.62 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The firm has a market cap of $10.33 billion, a PE ratio of 36.02, a price-to-earnings-growth ratio of 2.18 and a beta of 1.39. The stock’s fifty day moving average price is $177.33 and its two-hundred day moving average price is $157.23.

Generac (NYSE:GNRC) last released its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.64 earnings per share. As a group, research analysts expect that Generac Holdings Inc. will post 6.84 EPS for the current fiscal year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $166.60, for a total value of $833,000.00. Following the sale, the chief executive officer now owns 557,177 shares of the company’s stock, valued at $92,825,688.20. The trade was a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the transaction, the executive vice president now owns 10,738 shares of the company’s stock, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock valued at $7,584,853 in the last quarter. Insiders own 2.90% of the company’s stock.

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.