D.A. Davidson & CO. Sells 5,389 Shares of Generac Holdings Inc. (NYSE:GNRC)

D.A. Davidson & CO. lowered its position in Generac Holdings Inc. (NYSE:GNRC) by 38.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,754 shares of the technology company’s stock after selling 5,389 shares during the period. D.A. Davidson & CO.’s holdings in Generac were worth $1,391,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. raised its holdings in Generac by 97.1% in the second 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. SouthState Corp bought a new position in shares of Generac in the 3rd quarter worth about $32,000. Capital Advisors Ltd. LLC lifted its position in Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after acquiring an additional 220 shares during the period. Blue Trust Inc. grew its holdings in Generac by 73.5% in the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after purchasing an additional 97 shares during the period. Finally, Fairfield Financial Advisors LTD bought a new position in shares of Generac during the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Stephens restated an “overweight” rating and set a $200.00 price target on shares of Generac in a report on Monday, August 5th. Stifel Nicolaus lifted their price target on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Citigroup increased their price objective on shares of Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial lifted their target price on shares of Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Generac has a consensus rating of “Moderate Buy” and a consensus price target of $174.58.

Insider Transactions at Generac

In other Generac news, 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 value of $5,372,133.13. Following the completion of the sale, the chief financial officer now owns 135,613 shares in the company, valued at $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the transaction, the chief executive officer now directly owns 562,177 shares in the company, valued at approximately $89,346,790.61. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,268 shares of company stock worth $7,584,853 in the last three months. Corporate insiders own 2.90% of the company’s stock.

Generac Stock Down 1.2 %

GNRC stock opened at $188.20 on Friday. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 39.05, a P/E/G ratio of 2.33 and a beta of 1.37. 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 business’s 50-day moving average is $172.92 and its two-hundred day moving average is $155.35. 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 posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the firm posted $1.64 earnings per share. The firm’s revenue was up 9.6% compared to the same quarter last year. As a group, analysts forecast that Generac Holdings Inc. will post 6.8 earnings per share for the current year.

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.