Philip James Wealth Mangement LLC Sells 2,609 Shares of Generac Holdings Inc. (NYSE:GNRC)

Philip James Wealth Mangement LLC cut its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,617 shares of the technology company's stock after selling 2,609 shares during the period. Philip James Wealth Mangement LLC's holdings in Generac were worth $1,336,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its stake 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 valued at $104,227,000 after acquiring an additional 384,434 shares in the last quarter. The Manufacturers Life Insurance Company grew 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 valued at $88,944,000 after buying an additional 299,205 shares during the period. Disciplined Growth Investors Inc. MN lifted its holdings in Generac by 5.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company's stock valued at $61,262,000 after purchasing an additional 20,576 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Generac by 25,311.7% in the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company's stock worth $42,433,000 after buying an additional 266,026 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its position in Generac by 25.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 241,114 shares of the technology company's stock worth $37,385,000 after acquiring an additional 48,765 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm'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 sale, the chief executive officer now directly owns 565,825 shares of the company's stock, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.90% of the stock is currently owned by company insiders.

Generac Price Performance

Shares of GNRC traded down $3.97 during trading hours on Thursday, hitting $138.45. 940,052 shares of the company were exchanged, compared to its average volume of 888,135. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 25.64, a P/E/G ratio of 1.48 and a beta of 1.42. Generac Holdings Inc. has a fifty-two week low of $108.89 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's fifty day moving average is $153.86 and its 200 day moving average is $160.34.

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, topping analysts' consensus estimates 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 analysts anticipate that Generac Holdings Inc. will post 8.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GNRC. Stifel Nicolaus decreased their price objective on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. The Goldman Sachs Group cut their target price on shares of Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Barclays began coverage on Generac in a report on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 target price on the stock. Wells Fargo & Company lowered their price objective on Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Finally, Truist Financial dropped their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $174.00.

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.