Sanctuary Advisors LLC Reduces Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Sanctuary Advisors LLC lessened its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 45.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,789 shares of the technology company's stock after selling 8,062 shares during the quarter. Sanctuary Advisors LLC's holdings in Generac were worth $1,555,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. William Blair Investment Management LLC purchased a new stake in Generac in the 2nd quarter valued at about $98,282,000. The Manufacturers Life Insurance Company increased its position in shares of 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 acquiring an additional 299,205 shares during the last quarter. Jennison Associates LLC bought a new stake in Generac during the third quarter worth $45,722,000. International Assets Investment Management LLC boosted its position in Generac by 25,311.7% in the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company's stock worth $42,433,000 after purchasing an additional 266,026 shares during the last quarter. Finally, Stephens Investment Management Group LLC grew its stake in Generac by 678.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company's stock valued at $30,560,000 after purchasing an additional 167,641 shares during the period. Institutional investors own 84.04% of the company's stock.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO York A. Ragen sold 29,081 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the sale, the chief financial officer now owns 135,613 shares of the company's stock, valued at $25,051,789.49. The trade was a 17.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,268 shares of company stock valued at $7,584,853. 2.90% of the stock is currently owned by corporate insiders.

Generac Price Performance

NYSE:GNRC traded up $0.14 during midday trading on Friday, hitting $156.26. The company had a trading volume of 1,398,520 shares, compared to its average volume of 930,509. The stock's fifty day moving average price is $176.73 and its 200-day moving average price is $157.70. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94. 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 capitalization of $9.30 billion, a PE ratio of 32.42, a P/E/G ratio of 2.09 and a beta of 1.39.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company's revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.64 EPS. As a group, research analysts expect that Generac Holdings Inc. will post 6.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of research analyst reports. Robert W. Baird cut their price target on shares of Generac from $187.00 to $181.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Barclays assumed coverage on shares of Generac in a research report on Wednesday, December 4th. They set an "equal weight" rating and a $189.00 target price for the company. Citigroup lifted their price target on shares of Generac from $128.00 to $172.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price objective on Generac from $160.00 to $178.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Finally, Piper Sandler boosted their target price on Generac from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $175.30.

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.