Commonwealth Equity Services LLC Sells 2,118 Shares of Generac Holdings Inc. (NYSE:GNRC)

Commonwealth Equity Services LLC reduced its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,354 shares of the technology company's stock after selling 2,118 shares during the quarter. Commonwealth Equity Services LLC owned 0.09% of Generac worth $8,273,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Modus Advisors LLC acquired a new position in shares of Generac in the 4th quarter worth approximately $27,000. Versant Capital Management Inc grew its holdings in shares of Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock worth $28,000 after purchasing an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC acquired a new stake in shares of Generac in the fourth quarter valued at $28,000. Brooklyn Investment Group bought a new position in shares of Generac in the third quarter valued at about $31,000. Finally, Bank of Jackson Hole Trust acquired a new position in Generac during the 4th quarter worth about $31,000. 84.04% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the transaction, the chief executive officer now owns 570,825 shares of the company's stock, valued at $89,904,937.50. This represents a 0.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.90% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GNRC. The Goldman Sachs Group dropped 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. Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. Barclays started coverage on Generac in a research report on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 price objective on the stock. Bank of America began coverage on Generac in a research note on Monday. They set a "buy" rating and a $182.00 price target on the stock. Finally, Truist Financial lowered their price objective on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $174.38.

Generac Stock Up 4.6 %

Shares of GNRC traded up $6.09 on Monday, hitting $137.61. The company's stock had a trading volume of 819,744 shares, compared to its average volume of 879,662. The firm's fifty day moving average price is $143.39 and its 200-day moving average price is $158.13. Generac Holdings Inc. has a fifty-two week low of $115.76 and a fifty-two 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 has a market capitalization of $8.20 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share 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%. On average, equities research analysts expect that Generac Holdings Inc. will post 8 EPS 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.