Wealth Effects LLC Cuts Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Wealth Effects LLC decreased its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,384 shares of the technology company’s stock after selling 685 shares during the quarter. Wealth Effects LLC’s holdings in Generac were worth $1,145,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its stake in Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Modus Advisors LLC bought a new position in Generac in the 4th quarter valued at approximately $27,000. Versant Capital Management Inc boosted 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 during the last quarter. Cranbrook Wealth Management LLC bought a new stake in shares of Generac in the 4th quarter worth $28,000. Finally, Brooklyn Investment Group purchased a new position in shares of Generac in the third quarter worth $31,000. 84.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO York A. Ragen sold 29,081 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the transaction, the chief financial officer now owns 135,613 shares in the company, valued at $25,051,789.49. The trade was a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,268 shares of company stock valued at $7,577,703 over the last 90 days. 2.90% of the stock is owned by corporate insiders.

Generac Price Performance

Shares of NYSE:GNRC opened at $155.43 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. The firm has a market cap of $9.25 billion, a price-to-earnings ratio of 32.25, a P/E/G ratio of 1.60 and a beta of 1.42. The firm has a fifty day moving average price of $167.45 and a 200 day moving average price of $161.62. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94.

Generac (NYSE:GNRC) last issued its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion for 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 business’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.64 earnings per share. As a group, sell-side analysts expect that Generac Holdings Inc. will post 6.91 earnings per share for the current fiscal year.

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.