Spire Wealth Management Sells 269 Shares of Generac Holdings Inc. (NYSE:GNRC)

Spire Wealth Management lessened its position in shares of Generac Holdings Inc. (NYSE:GNRCFree Report) by 19.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,094 shares of the technology company’s stock after selling 269 shares during the period. Spire Wealth Management’s holdings in Generac were worth $119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Meiji Yasuda Life Insurance Co lifted its stake in Generac by 3.4% during the first quarter. Meiji Yasuda Life Insurance Co now owns 1,448 shares of the technology company’s stock worth $430,000 after purchasing an additional 48 shares during the last quarter. Vident Investment Advisory LLC boosted its stake in Generac by 3.3% in the first quarter. Vident Investment Advisory LLC now owns 2,099 shares of the technology company’s stock valued at $622,000 after buying an additional 68 shares in the last quarter. Zions Bancorporation N.A. grew its position in Generac by 85.7% in the second quarter. Zions Bancorporation N.A. now owns 182 shares of the technology company’s stock valued at $27,000 after acquiring an additional 84 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in Generac by 7.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,294 shares of the technology company’s stock worth $272,000 after acquiring an additional 90 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Generac by 45.6% in the first quarter. Lazard Asset Management LLC now owns 300 shares of the technology company’s stock worth $88,000 after acquiring an additional 94 shares during the last quarter. Institutional investors and hedge funds own 87.59% of the company’s stock.

Generac Stock Performance

GNRC stock opened at $126.91 on Friday. Generac Holdings Inc. has a 1-year low of $79.86 and a 1-year high of $156.95. The company has a current ratio of 2.41, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average price of $122.19 and a 200-day moving average price of $114.23. The firm has a market cap of $7.80 billion, a PE ratio of 49.77, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $116.76, for a total transaction of $583,800.00. Following the transaction, the chief executive officer now directly owns 587,690 shares in the company, valued at approximately $68,618,684.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Rajendra Kumar Kanuru sold 250 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $116.76, for a total value of $29,190.00. Following the completion of the sale, the executive vice president now directly owns 15,618 shares of the company’s stock, valued at approximately $1,823,557.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $116.76, for a total value of $583,800.00. Following the completion of the transaction, the chief executive officer now owns 587,690 shares in the company, valued at approximately $68,618,684.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,250 shares of company stock worth $1,825,490. 2.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GNRC shares. BNP Paribas began coverage on shares of Generac in a report on Friday, October 20th. They set an “underperform” rating and a $78.00 price target on the stock. Bank of America upgraded Generac from an “underperform” rating to a “neutral” rating and increased their price target for the company from $76.00 to $110.00 in a research note on Wednesday, November 15th. Citigroup reduced their price objective on Generac from $133.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 18th. Roth Mkm increased their target price on Generac from $105.00 to $118.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. reduced their price target on Generac from $179.00 to $164.00 and set an “overweight” rating on the stock in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $141.32.

Get Our Latest Stock Analysis on GNRC

About Generac

(Free Report)

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, energy management devices and solutions, and other power products for the residential, light commercial, and industrial markets worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; residential storage solution consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; Mobile Link, a remote monitoring system for home standby generators; smart home solutions, such as smart thermostats and a suite of home monitoring products; smart water heater controllers; residential clean energy solutions; and portable and inverter generators; outdoor power equipment, including trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, and pressure washers and water pumps; and battery-powered turf care products.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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