Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Quent Capital LLC

Quent Capital LLC reduced its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 90.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 191 shares of the technology company's stock after selling 1,845 shares during the quarter. Quent Capital LLC's holdings in Generac were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC acquired a new position in Generac during the third quarter valued at approximately $114,000. Rheos Capital Works Inc. purchased a new position in shares of Generac in the 3rd quarter valued at $4,766,000. Cornerstone Wealth Management LLC acquired a new position in shares of Generac during the 3rd quarter valued at $227,000. Optimum Investment Advisors purchased a new stake in Generac during the 3rd quarter worth $99,000. Finally, Blue Trust Inc. increased its holdings in Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock valued at $36,000 after purchasing an additional 97 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Robert W. Baird reduced their price objective on Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a research note on Thursday. Truist Financial reduced their price target on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus decreased their price target on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday. The Goldman Sachs Group dropped their price objective on shares of Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, StockNews.com upgraded shares of Generac from a "hold" rating to a "buy" rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Generac has an average rating of "Moderate Buy" and a consensus target price of $174.00.

Generac Stock Down 0.0 %

NYSE GNRC traded down $0.03 on Monday, hitting $146.80. 1,028,876 shares of the stock traded hands, compared to its average volume of 743,531. The company has a market capitalization of $8.73 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The stock has a 50-day moving average of $155.71 and a 200 day moving average of $160.61. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 16.70% and a net margin of 7.17%. As a group, analysts expect that Generac Holdings Inc. will post 6.91 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the 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 sale, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.90% of the company's stock.

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.