Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC trimmed its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,446 shares of the technology company’s stock after selling 110 shares during the period. Moran Wealth Management LLC’s holdings in Generac were worth $3,884,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its stake in shares of Generac by 61.2% during the third quarter. First Horizon Advisors Inc. now owns 545 shares of the technology company’s stock valued at $87,000 after acquiring an additional 207 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Generac by 10.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 6,667 shares of the technology company’s stock valued at $1,059,000 after purchasing an additional 625 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Generac during the 3rd quarter worth approximately $3,300,000. Jennison Associates LLC acquired a new position in shares of Generac in the 3rd quarter valued at approximately $45,722,000. Finally, Commerce Bank purchased a new position in shares of Generac during the 3rd quarter valued at approximately $217,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the sale, the chief executive officer now owns 557,177 shares in the company, valued at approximately $92,825,688.20. This represents a 0.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the transaction, the executive vice president now directly owns 10,738 shares in the company, valued at $1,971,282.04. This represents a 22.89 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,268 shares of company stock worth $7,584,853. 2.90% of the stock is owned by corporate insiders.

Generac Trading Up 0.1 %

Shares of NYSE:GNRC opened at $180.19 on Thursday. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94. 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 firm has a market cap of $10.72 billion, a P/E ratio of 37.38, a P/E/G ratio of 2.20 and a beta of 1.37. The company has a 50 day moving average of $165.55 and a 200-day moving average of $152.66.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company posted $1.64 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, analysts anticipate that Generac Holdings Inc. will post 6.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Generac from $185.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday. The Goldman Sachs Group upped their target price on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Citigroup increased their target price on Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, TD Cowen upped their price target on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and an average price target of $174.05.

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.