Corient Private Wealth LLC Sells 4,240 Shares of Generac Holdings Inc. (NYSE:GNRC)

Corient Private Wealth LLC reduced its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 15.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,621 shares of the technology company's stock after selling 4,240 shares during the period. Corient Private Wealth LLC's holdings in Generac were worth $3,662,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Jennison Associates LLC grew its holdings in shares of Generac by 133.6% during the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock worth $104,227,000 after buying an additional 384,434 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Generac by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company's stock worth $88,944,000 after acquiring an additional 299,205 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Generac by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company's stock valued at $86,516,000 after buying an additional 2,015 shares in the last quarter. King Luther Capital Management Corp increased its holdings in shares of Generac by 1.1% during the fourth quarter. King Luther Capital Management Corp now owns 487,402 shares of the technology company's stock worth $75,572,000 after purchasing an additional 5,105 shares during the period. Finally, Disciplined Growth Investors Inc. MN raised its holdings in Generac by 5.6% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company's stock valued at $61,262,000 after acquiring an additional 20,576 shares in the last quarter. Institutional investors own 84.04% of the company's stock.

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Generac Price Performance

NYSE:GNRC traded down $2.15 during trading hours on Wednesday, hitting $134.02. 903,094 shares of the company's stock traded hands, compared to its average volume of 877,242. 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 business's fifty day simple moving average is $142.45 and its two-hundred day simple moving average is $158.05. The firm has a market cap of $7.99 billion, a P/E ratio of 24.82, a P/E/G ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 52 week low of $117.16 and a 52 week high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. On average, research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GNRC. Robert W. Baird dropped their price objective on Generac from $172.00 to $171.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Piper Sandler decreased their target price on shares of Generac from $185.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Stifel Nicolaus reduced their price objective on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Citigroup reduced their price target on Generac from $172.00 to $162.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Finally, UBS Group boosted their target price on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $174.38.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.90% of the stock is 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.