Creative Financial Designs Inc. ADV Sells 115 Shares of Generac Holdings Inc. (NYSE:GNRC)

Creative Financial Designs Inc. ADV lowered its stake in Generac Holdings Inc. (NYSE:GNRC) by 17.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 560 shares of the technology company’s stock after selling 115 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Generac were worth $87,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Modus Advisors LLC bought a new stake in Generac during the 4th quarter valued at $27,000. Versant Capital Management Inc increased its stake in Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC bought a new stake in Generac during the 4th quarter valued at $28,000. Brooklyn Investment Group bought a new stake in Generac during the 3rd quarter valued at $31,000. Finally, Bank of Jackson Hole Trust bought a new stake in Generac during the 4th quarter valued at $31,000. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. The Goldman Sachs Group reduced their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. UBS Group upped their target price on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Guggenheim upgraded shares of Generac from a “sell” rating to a “neutral” rating in a research note on Monday. Finally, Truist Financial reduced their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Price Performance

NYSE GNRC opened at $133.35 on Friday. The company has a market cap of $7.95 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 52 week low of $115.76 and a 52 week high of $195.94. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The firm’s 50-day simple moving average is $143.91 and its two-hundred day simple moving average is $158.15.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Research analysts predict that Generac Holdings Inc. will post 8 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.