Generac Holdings Inc. (NYSE:GNRC) Stock Position Decreased by Regal Investment Advisors LLC

Regal Investment Advisors LLC lessened its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,060 shares of the technology company's stock after selling 6,084 shares during the period. Regal Investment Advisors LLC's holdings in Generac were worth $4,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hurley Capital LLC acquired a new stake in Generac during the 4th quarter worth $26,000. Modus Advisors LLC acquired a new stake in Generac in the 4th quarter valued at about $27,000. Versant Capital Management Inc lifted its stake in Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock worth $28,000 after purchasing an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC purchased a new stake in shares of Generac in the fourth quarter valued at approximately $28,000. Finally, Bank of Jackson Hole Trust purchased a new position in Generac during the fourth quarter worth approximately $31,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GNRC shares. Bank of America assumed coverage on Generac in a report on Monday, March 24th. They set a "buy" rating and a $182.00 price target on the stock. Truist Financial cut their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Stifel Nicolaus 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, February 13th. Wells Fargo & Company reduced their target price on Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Finally, UBS Group upped their target price on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Generac presently has an average rating of "Moderate Buy" and a consensus target price of $173.40.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares of the company's stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is owned by insiders.

Generac Price Performance

NYSE:GNRC traded up $0.94 during trading hours on Friday, hitting $111.59. The company's stock had a trading volume of 590,129 shares, compared to its average volume of 878,156. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $195.94. The company has a market capitalization of $6.65 billion, a PE ratio of 20.66, a PEG ratio of 1.44 and a beta of 1.58. The business's 50-day moving average is $128.27 and its two-hundred day moving average is $153.57.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping 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%. As a group, research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Generac 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.