Patten & Patten Inc. TN Sells 772 Shares of Generac Holdings Inc. (NYSE:GNRC)

Patten & Patten Inc. TN reduced its position in shares of Generac Holdings Inc. (NYSE:GNRCFree Report) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,562 shares of the technology company’s stock after selling 772 shares during the period. Patten & Patten Inc. TN’s holdings in Generac were worth $1,882,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its holdings in Generac by 13.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 83,646 shares of the technology company’s stock valued at $10,810,000 after purchasing an additional 9,849 shares during the period. Credit Suisse AG boosted its holdings in Generac by 4.3% in the 2nd quarter. Credit Suisse AG now owns 138,332 shares of the technology company’s stock valued at $20,629,000 after purchasing an additional 5,667 shares during the period. Ulysses Management LLC bought a new stake in Generac in the 2nd quarter valued at $373,000. ArrowMark Colorado Holdings LLC boosted its holdings in Generac by 14.3% in the 2nd quarter. ArrowMark Colorado Holdings LLC now owns 545,069 shares of the technology company’s stock valued at $81,286,000 after purchasing an additional 68,131 shares during the period. Finally, Seven Eight Capital LP bought a new stake in Generac in the 3rd quarter valued at $1,832,000. 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 Generac stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the transaction, the chief executive officer now owns 592,177 shares of the company’s stock, valued at approximately $75,170,948.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. UBS Group reduced their price target on shares of Generac from $160.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Citigroup increased their price objective on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. OTR Global upgraded shares of Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday. Robert W. Baird increased their price objective on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, Roth Mkm increased their price objective on shares of Generac from $105.00 to $118.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $139.79.

View Our Latest Research Report on Generac

Generac Trading Up 0.6 %

GNRC opened at $128.15 on Wednesday. The stock has a market capitalization of $7.72 billion, a PE ratio of 38.95, a PEG ratio of 2.02 and a beta of 1.45. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. Generac Holdings Inc. has a 1-year low of $79.86 and a 1-year high of $156.95. The firm has a 50-day moving average price of $117.22 and a two-hundred day moving average price of $113.68.

Generac (NYSE:GNRCGet Free Report) last issued its earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.02). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. Generac had a net margin of 5.33% and a return on equity of 14.15%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business posted $1.78 EPS. As a group, equities analysts anticipate that Generac Holdings Inc. will post 6.32 earnings per share for the current fiscal year.

About Generac

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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