Congress Wealth Management LLC DE reduced its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 56.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,157 shares of the technology company's stock after selling 27,988 shares during the quarter. Congress Wealth Management LLC DE's holdings in Generac were worth $3,280,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Dillon & Associates Inc. raised its holdings in Generac by 20.1% during the 4th quarter. Dillon & Associates Inc. now owns 15,163 shares of the technology company's stock valued at $2,350,000 after buying an additional 2,542 shares during the last quarter. Emerald Advisers LLC bought a new position in shares of Generac during the fourth quarter valued at about $209,000. Vanguard Group Inc. grew its stake in shares of Generac by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company's stock worth $1,053,650,000 after purchasing an additional 47,450 shares during the last quarter. Stevens Capital Management LP purchased a new position in Generac during the 4th quarter valued at about $358,000. Finally, LPL Financial LLC increased its holdings in Generac by 14.8% during the 4th quarter. LPL Financial LLC now owns 97,492 shares of the technology company's stock valued at $15,116,000 after purchasing an additional 12,548 shares during the period. Hedge funds and other institutional investors own 84.04% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on GNRC. Robert W. Baird cut their price objective on Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Bank of America initiated coverage on shares of Generac in a research report on Monday, March 24th. They issued a "buy" rating and a $182.00 target price for the company. Barclays initiated coverage on shares of Generac in a research note on Wednesday, December 4th. They set an "equal weight" rating and a $189.00 target price on the stock. Finally, Truist Financial decreased their price target 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. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $174.38.
Get Our Latest Research Report on GNRC
Generac Stock Down 0.2 %
Shares of NYSE GNRC traded down $0.31 during midday trading on Monday, hitting $126.78. The stock had a trading volume of 694,127 shares, compared to its average volume of 888,446. The company has a market cap of $7.56 billion, a P/E ratio of 23.48, a PEG ratio of 1.44 and a beta of 1.50. The business's 50 day moving average is $139.98 and its 200-day moving average is $157.70. Generac Holdings Inc. has a 52 week low of $122.95 and a 52 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.
Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. As a group, analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.
Insider Transactions at Generac
In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares of the company's stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.90% of the company's stock.
Generac Profile
(
Free Report)
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.
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