Creative Planning Sells 835 Shares of Generac Holdings Inc. (NYSE:GNRC)

Creative Planning decreased its stake in Generac Holdings Inc. (NYSE:GNRC) by 2.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 28,007 shares of the technology company’s stock after selling 835 shares during the quarter. Creative Planning’s holdings in Generac were worth $4,450,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Duncker Streett & Co. Inc. grew its holdings in Generac by 2.4% during the second quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock worth $388,000 after purchasing an additional 68 shares during the period. Empirical Finance LLC grew its holdings in Generac by 4.5% during the first quarter. Empirical Finance LLC now owns 1,748 shares of the technology company’s stock worth $220,000 after purchasing an additional 75 shares during the period. Johnson Investment Counsel Inc. grew its holdings in Generac by 0.3% during the second quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock worth $2,981,000 after purchasing an additional 75 shares during the period. EntryPoint Capital LLC grew its holdings in Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after purchasing an additional 90 shares during the period. Finally, Mather Group LLC. grew its holdings in Generac by 6.5% during the third quarter. Mather Group LLC. now owns 1,528 shares of the technology company’s stock worth $243,000 after purchasing an additional 93 shares during the period. Institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus restated a “buy” rating and set a $175.00 price objective (up previously from $145.00) on shares of Generac in a report on Thursday, August 1st. Northland Securities boosted their price objective on Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Wells Fargo & Company boosted their price objective on Generac from $139.00 to $156.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. TD Cowen boosted their price objective on Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Canaccord Genuity Group boosted their price objective on Generac from $177.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $165.40.

Generac Stock Down 0.1 %

Shares of GNRC opened at $166.03 on Friday. Generac Holdings Inc. has a one year low of $79.86 and a one year high of $176.14. The company has a market cap of $10.06 billion, a P/E ratio of 45.74, a P/E/G ratio of 2.22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $155.61 and a two-hundred day simple moving average of $146.88.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.20 by $0.15. The business had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 earnings per share. Research analysts forecast that Generac Holdings Inc. will post 6.47 EPS for the current fiscal year.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on 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 directly owns 562,177 shares in the company, valued at approximately $89,346,790.61. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.80% of the company’s stock.

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.