Wealth Advisory Solutions LLC Sells 11,439 Shares of Generac Holdings Inc. $GNRC

Wealth Advisory Solutions LLC decreased its stake in Generac Holdings Inc. (NYSE:GNRC) by 59.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,741 shares of the technology company’s stock after selling 11,439 shares during the period. Wealth Advisory Solutions LLC’s holdings in Generac were worth $1,296,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Invesco Ltd. raised its holdings in shares of Generac by 40.9% in the 2nd quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company’s stock worth $285,338,000 after purchasing an additional 577,933 shares during the period. Norges Bank purchased a new stake in Generac in the second quarter worth $53,138,000. Federated Hermes Inc. raised its stake in shares of Generac by 63.5% in the second quarter. Federated Hermes Inc. now owns 749,347 shares of the technology company’s stock valued at $107,314,000 after buying an additional 291,012 shares during the period. Ninety One UK Ltd bought a new position in shares of Generac during the 3rd quarter worth $46,910,000. Finally, Holocene Advisors LP increased its holdings in Generac by 346.6% in the 2nd quarter. Holocene Advisors LP now owns 356,623 shares of the technology company’s stock worth $51,072,000 after acquiring an additional 276,775 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on GNRC. Citigroup raised shares of Generac from a “neutral” rating to a “buy” rating and set a $207.00 price objective on the stock in a report on Thursday. Baird R W upgraded shares of Generac from a “hold” rating to a “strong-buy” rating in a research note on Friday. JPMorgan Chase & Co. raised shares of Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price objective for the company in a report on Monday, December 8th. Robert W. Baird upgraded shares of Generac from a “neutral” rating to an “outperform” rating and reduced their price objective for the company from $215.00 to $199.00 in a research note on Friday. Finally, Zacks Research upgraded Generac from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $196.17.

Generac Price Performance

NYSE:GNRC opened at $156.58 on Tuesday. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25. The stock has a fifty day moving average of $149.92 and a 200 day moving average of $166.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.02 and a current ratio of 2.18. The firm has a market capitalization of $9.19 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 1.25 and a beta of 1.82.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.42). The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Generac had a net margin of 6.92% and a return on equity of 17.63%. The business’s revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 EPS. On average, research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $166.43, for a total value of $832,150.00. Following the completion of the transaction, the chief executive officer owned 542,966 shares of the company’s stock, valued at $90,365,831.38. The trade was a 0.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

Generac Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.