Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors trimmed its position in Generac Holdings Inc. (NYSE:GNRC) by 19.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,141 shares of the technology company’s stock after selling 1,515 shares during the quarter. Arkadios Wealth Advisors’ holdings in Generac were worth $976,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. William Blair Investment Management LLC purchased a new position in shares of Generac in the 2nd quarter valued at $98,282,000. International Assets Investment Management LLC grew its position in shares of Generac by 25,311.7% in the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock valued at $42,433,000 after buying an additional 266,026 shares during the last quarter. DAVENPORT & Co LLC grew its position in shares of Generac by 831.1% in the 1st quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock valued at $30,288,000 after buying an additional 214,322 shares during the last quarter. Blair William & Co. IL grew its position in shares of Generac by 29.2% in the 2nd quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after buying an additional 103,439 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in Generac by 21.4% during the 2nd quarter. Mackenzie Financial Corp now owns 420,121 shares of the technology company’s stock worth $55,548,000 after purchasing an additional 74,115 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Stock Up 0.8 %

Shares of NYSE GNRC opened at $165.65 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $176.14. The firm has a 50-day moving average price of $155.89 and a 200 day moving average price of $147.20. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 45.63, a price-to-earnings-growth ratio of 2.15 and a beta of 1.38.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. The company had revenue of $998.20 million during the quarter, compared to analysts’ expectations of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 earnings per share. Equities research analysts anticipate that Generac Holdings Inc. will post 6.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on GNRC. Roth Mkm raised their price objective on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Piper Sandler raised their price objective on shares of Generac from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Wells Fargo & Company raised their price objective on shares of Generac from $139.00 to $156.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Northland Securities raised their price objective on shares of Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, TD Cowen raised their price objective on shares of Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $165.40.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the transaction, the chief executive officer now owns 562,177 shares in the company, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.80% of the stock is currently owned by company insiders.

About Generac

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.