UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 111,463 Shares of Generac Holdings Inc. (NYSE:GNRC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 31.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 243,418 shares of the technology company's stock after selling 111,463 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.41% of Generac worth $38,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of GNRC. Sunbelt Securities Inc. increased its holdings in Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Generac in the third quarter valued at $31,000. SouthState Corp bought a new position in shares of Generac in the third quarter valued at about $32,000. Capital Advisors Ltd. LLC lifted its position in Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company's stock worth $34,000 after buying an additional 220 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock worth $36,000 after acquiring an additional 97 shares during the last quarter. Institutional investors own 84.04% of the company's stock.

Generac Stock Performance

Shares of NYSE GNRC traded down $5.57 during trading hours on Wednesday, reaching $181.29. 611,953 shares of the stock were exchanged, compared to its average volume of 936,906. The stock's fifty day simple moving average is $174.46 and its 200 day simple moving average is $156.03. The firm has a market capitalization of $10.79 billion, a price-to-earnings ratio of 38.77, a P/E/G ratio of 2.30 and a beta of 1.39. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03.

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

Insiders Place Their Bets

In related news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the sale, the executive vice president now owns 10,738 shares of the company's stock, valued at $1,971,282.04. This represents a 22.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO York A. Ragen sold 29,081 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the completion of the transaction, the chief financial officer now directly owns 135,613 shares in the company, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. 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.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of recent research reports. Piper Sandler increased their price objective on Generac from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Roth Mkm raised their price target on Generac from $160.00 to $175.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. StockNews.com raised Generac from a "hold" rating to a "buy" rating in a report on Monday, October 28th. The Goldman Sachs Group raised 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. Finally, Barclays started coverage on shares of Generac in a research note on Wednesday. They set an "equal weight" rating and a $189.00 price target for the company. 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 company's stock. According to data from MarketBeat.com, Generac presently has an average rating of "Moderate Buy" and an average target price of $175.30.

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.