D.A. Davidson & CO. Sells 5,389 Shares of Generac Holdings Inc. (NYSE:GNRC)

D.A. Davidson & CO. lowered its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 38.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 8,754 shares of the technology company's stock after selling 5,389 shares during the period. D.A. Davidson & CO.'s holdings in Generac were worth $1,391,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. raised its holdings in shares of Generac by 2.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,427 shares of the technology company's stock valued at $558,000 after purchasing an additional 94 shares during the last quarter. Comerica Bank increased its stake in Generac by 32.7% in the 1st quarter. Comerica Bank now owns 30,594 shares of the technology company's stock valued at $3,859,000 after buying an additional 7,532 shares during the last quarter. Cetera Advisors LLC lifted its position in shares of Generac by 47.8% during the 1st quarter. Cetera Advisors LLC now owns 6,534 shares of the technology company's stock worth $824,000 after buying an additional 2,114 shares in the last quarter. Transcend Capital Advisors LLC boosted its stake in shares of Generac by 26.2% in the 2nd quarter. Transcend Capital Advisors LLC now owns 2,060 shares of the technology company's stock worth $272,000 after buying an additional 428 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Generac by 95.7% in the second quarter. GAMMA Investing LLC now owns 920 shares of the technology company's stock valued at $122,000 after acquiring an additional 450 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Truist Financial lifted their price target on Generac from $170.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Roth Mkm lifted their target price on Generac from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Citigroup increased their price target on shares of Generac from $128.00 to $172.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. TD Cowen raised their price objective on shares of Generac from $172.00 to $183.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group boosted 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.58.

Generac Trading Down 1.2 %

Shares of Generac stock traded down $2.20 during trading on Friday, reaching $188.20. The company's stock had a trading volume of 309,723 shares, compared to its average volume of 823,221. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 39.05, a PEG ratio of 2.31 and a beta of 1.37. The firm's 50-day moving average is $172.92 and its two-hundred day moving average is $155.42. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.27. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.64 EPS. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 6.8 earnings per share for the current year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the sale, the chief executive officer now directly owns 562,177 shares in the company, valued at $89,346,790.61. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the transaction, the executive vice president now owns 10,738 shares in the company, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,268 shares of company stock worth $7,584,853 in the last 90 days. Company insiders own 2.90% of the company's stock.

About Generac

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.