Oak Harvest Investment Services Sells 1,983 Shares of Generac Holdings Inc. (NYSE:GNRC)

Oak Harvest Investment Services decreased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 13.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,383 shares of the technology company’s stock after selling 1,983 shares during the quarter. Oak Harvest Investment Services’ holdings in Generac were worth $1,920,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management boosted its position in Generac by 4.1% in the fourth quarter. Hanson & Doremus Investment Management now owns 3,034 shares of the technology company’s stock worth $470,000 after purchasing an additional 120 shares during the last quarter. Smith Group Asset Management LLC bought a new position in Generac during the fourth quarter valued at about $440,000. Robeco Institutional Asset Management B.V. increased its holdings in Generac by 498.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 126,121 shares of the technology company’s stock worth $19,555,000 after buying an additional 105,063 shares during the last quarter. Lebenthal Global Advisors LLC purchased a new position in Generac in the fourth quarter valued at about $330,000. Finally, Pacer Advisors Inc. grew its position in shares of Generac by 18.2% during the 4th quarter. Pacer Advisors Inc. now owns 5,404 shares of the technology company’s stock valued at $838,000 after acquiring an additional 834 shares during the period. 84.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on GNRC shares. The Goldman Sachs Group increased their price objective on Generac from $148.00 to $193.00 and gave the company a “buy” rating in a report on Friday, November 1st. Roth Mkm lifted their price objective on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Robert W. Baird cut their target price on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Truist Financial lowered their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, TD Cowen boosted their price objective on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and an average target price of $174.30.

Generac Stock Up 2.6 %

Shares of GNRC opened at $152.03 on Friday. 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 business’s 50 day moving average is $165.55 and its 200 day moving average is $161.42. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The company has a market capitalization of $9.05 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 1.50 and a beta of 1.42.

Generac (NYSE:GNRC) last posted its earnings results 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 during 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 revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $1.64 earnings per share. Research analysts expect that Generac Holdings Inc. will post 6.91 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the transaction, the chief executive officer now owns 570,825 shares in the company, valued at approximately $89,904,937.50. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO York A. Ragen sold 29,081 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the completion of the sale, the chief financial officer now directly owns 135,613 shares of the company’s stock, valued at approximately $25,051,789.49. This trade represents a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,268 shares of company stock valued at $6,744,703 in the last ninety days. Insiders own 2.90% of the company’s stock.

Generac 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.