Avantax Advisory Services Inc. Has $483,000 Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Avantax Advisory Services Inc. reduced its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,112 shares of the technology company’s stock after selling 345 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Generac were worth $483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Natixis Advisors LLC increased its holdings in shares of Generac by 36.4% during the third quarter. Natixis Advisors LLC now owns 19,813 shares of the technology company’s stock valued at $3,148,000 after acquiring an additional 5,286 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Generac by 63.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 4,006 shares of the technology company’s stock valued at $637,000 after purchasing an additional 1,560 shares during the period. Pathstone Holdings LLC increased its stake in Generac by 10.2% during the 3rd quarter. Pathstone Holdings LLC now owns 17,011 shares of the technology company’s stock valued at $2,703,000 after purchasing an additional 1,569 shares in the last quarter. Prospera Financial Services Inc raised its holdings in Generac by 3.4% during the third quarter. Prospera Financial Services Inc now owns 3,339 shares of the technology company’s stock worth $530,000 after buying an additional 109 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Generac by 9.0% in the third quarter. PNC Financial Services Group Inc. now owns 13,885 shares of the technology company’s stock valued at $2,206,000 after buying an additional 1,152 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Generac Trading Down 1.3 %

Shares of Generac stock opened at $131.57 on Monday. The stock has a market capitalization of $7.84 billion, a P/E ratio of 24.36, a P/E/G ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 52-week low of $115.76 and a 52-week high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The stock’s 50-day simple moving average is $143.39 and its 200 day simple moving average is $158.13.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. As a group, research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the sale, the chief executive officer now directly owns 570,825 shares in the company, valued at $89,904,937.50. This represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GNRC shares. Guggenheim raised shares of Generac from a “sell” rating to a “neutral” rating in a research report on Monday, March 17th. Citigroup decreased their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Barclays assumed coverage on Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price on the stock. The Goldman Sachs Group decreased their price target on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Wells Fargo & Company dropped their price objective on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and an average target price of $174.00.

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.