Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Asio Capital LLC

Asio Capital LLC lessened its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 40.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,187 shares of the technology company’s stock after selling 8,292 shares during the quarter. Asio Capital LLC’s holdings in Generac were worth $1,890,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Cornerstone Wealth Management LLC boosted its position in Generac by 6.3% in the 4th quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company’s stock valued at $235,000 after buying an additional 90 shares during the period. New Century Financial Group LLC purchased a new position in Generac in the fourth quarter valued at $1,166,000. Secure Asset Management LLC grew its stake in Generac by 5.8% during the 4th quarter. Secure Asset Management LLC now owns 10,671 shares of the technology company’s stock worth $1,655,000 after purchasing an additional 582 shares in the last quarter. Albion Financial Group UT increased its holdings in Generac by 350.0% during the 4th quarter. Albion Financial Group UT now owns 450 shares of the technology company’s stock worth $70,000 after purchasing an additional 350 shares during the period. Finally, Dakota Wealth Management raised its position in Generac by 59.1% in the 4th quarter. Dakota Wealth Management now owns 48,998 shares of the technology company’s stock valued at $7,597,000 after purchasing an additional 18,197 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the transaction, the chief executive officer now directly owns 570,825 shares of the company’s stock, valued at $89,904,937.50. This represents a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 42,268 shares of company stock valued at $7,577,703 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GNRC shares. TD Cowen upped their target price on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays began coverage on shares of Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price objective on the stock. Roth Mkm boosted their target price on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Truist Financial cut their price target on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, Stifel Nicolaus upped their price objective on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and an average price target of $174.30.

Generac Stock Up 0.7 %

Generac stock opened at $157.40 on Friday. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 1.60 and a beta of 1.42. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $167.98 and a two-hundred day moving average of $161.43. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. Generac’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm posted $1.64 EPS. As a group, research analysts expect that Generac Holdings Inc. will post 6.91 earnings per share for the current 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.