Kestra Private Wealth Services LLC Trims Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Kestra Private Wealth Services LLC lowered its stake in Generac Holdings Inc. (NYSE:GNRCGet Rating) by 12.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,502 shares of the technology company’s stock after selling 217 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Generac were worth $447,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Key Financial Inc bought a new stake in Generac during the 1st quarter worth approximately $29,000. Covestor Ltd purchased a new stake in shares of Generac in the fourth quarter worth $37,000. SJS Investment Consulting Inc. bought a new stake in Generac during the first quarter valued at $35,000. American National Bank grew its position in Generac by 59.2% during the first quarter. American National Bank now owns 121 shares of the technology company’s stock worth $36,000 after buying an additional 45 shares in the last quarter. Finally, MCF Advisors LLC bought a new position in Generac in the 1st quarter worth about $41,000. Hedge funds and other institutional investors own 90.40% of the company’s stock.

Generac Stock Performance

Shares of NYSE:GNRC opened at $197.28 on Tuesday. Generac Holdings Inc. has a 52 week low of $195.39 and a 52 week high of $524.31. The company has a quick ratio of 1.07, a current ratio of 2.13 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $239.01 and a two-hundred day simple moving average of $250.98. The stock has a market capitalization of $12.59 billion, a P/E ratio of 25.46, a PEG ratio of 1.68 and a beta of 1.33.

Generac (NYSE:GNRCGet Rating) last released its earnings results on Wednesday, August 3rd. The technology company reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.34. Generac had a net margin of 12.28% and a return on equity of 29.42%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business earned $2.39 EPS. The business’s revenue was up 40.3% on a year-over-year basis. On average, analysts expect that Generac Holdings Inc. will post 11.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. KeyCorp cut their price objective on Generac from $350.00 to $325.00 and set an “overweight” rating for the company in a report on Thursday, July 21st. Credit Suisse Group cut their target price on Generac to $394.00 in a research note on Tuesday, August 9th. OTR Global cut Generac from a “mixed” rating to a “negative” rating in a report on Friday, July 22nd. Wells Fargo & Company began coverage on shares of Generac in a research note on Wednesday, June 29th. They set an “overweight” rating and a $285.00 price objective for the company. Finally, TheStreet downgraded Generac from a “b-” rating to a “c+” rating in a report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $414.86.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $264.96, for a total value of $1,324,800.00. Following the completion of the sale, the chief executive officer now directly owns 610,975 shares of the company’s stock, valued at approximately $161,883,936. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.80% of the company’s stock.

Generac Company Profile

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Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, batteries, electronic controls, steel enclosures, and other components.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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