Oak Family Advisors LLC Sells 7,810 Shares of Generac Holdings Inc. (NYSE:GNRC)

Oak Family Advisors LLC trimmed its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,637 shares of the technology company’s stock after selling 7,810 shares during the period. Generac makes up about 2.6% of Oak Family Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Oak Family Advisors LLC’s holdings in Generac were worth $7,231,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Raymond James Trust N.A. raised its stake in shares of Generac by 52.8% during the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock worth $541,000 after buying an additional 1,177 shares during the last quarter. Willis Investment Counsel raised its stake in shares of Generac by 18.7% during the third quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock worth $16,684,000 after buying an additional 16,541 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of Generac during the fourth quarter worth approximately $5,229,000. Global Financial Private Client LLC bought a new stake in shares of Generac during the fourth quarter worth approximately $614,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Generac by 85.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock worth $928,000 after buying an additional 3,244 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Stock Performance

Shares of GNRC opened at $149.27 on Monday. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The firm has a fifty day simple moving average of $164.75 and a 200 day simple moving average of $161.42. The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 1.51 and a beta of 1.42. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last announced its earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the company posted $1.64 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. Research analysts forecast that Generac Holdings Inc. will post 6.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on GNRC. Robert W. Baird lowered their target price on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. 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. Citigroup lowered their target price on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Truist Financial lowered 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. Finally, TD Cowen upped their target price on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $174.30.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on 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 $89,904,937.50. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO York A. Ragen sold 29,081 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer now owns 135,613 shares of the company’s stock, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,268 shares of company stock worth $6,744,703 over the last quarter. 2.90% of the stock is currently owned by insiders.

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.