HBK Sorce Advisory LLC Decreases Position in Generac Holdings Inc. (NYSE:GNRC)

HBK Sorce Advisory LLC lessened its holdings in Generac Holdings Inc. (NYSE:GNRC) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,164 shares of the technology company’s stock after selling 135 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Generac were worth $409,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Generac by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 6,770,488 shares of the technology company’s stock worth $2,012,595,000 after purchasing an additional 130,854 shares during the period. Ariel Investments LLC increased its position in shares of Generac by 14.9% in the third quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock valued at $219,047,000 after acquiring an additional 261,050 shares during the period. Invesco Ltd. increased its position in shares of Generac by 9.9% in the third quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock valued at $177,956,000 after acquiring an additional 147,523 shares during the period. Geode Capital Management LLC increased its position in shares of Generac by 2.2% in the first quarter. Geode Capital Management LLC now owns 1,310,063 shares of the technology company’s stock valued at $141,176,000 after acquiring an additional 28,211 shares during the period. Finally, Macquarie Group Ltd. increased its position in shares of Generac by 61.8% in the first quarter. Macquarie Group Ltd. now owns 1,244,286 shares of the technology company’s stock valued at $134,395,000 after acquiring an additional 475,104 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Trading Down 2.4 %

NYSE:GNRC opened at $136.87 on Thursday. The company’s 50-day simple moving average is $119.58 and its 200 day simple moving average is $114.71. The firm has a market capitalization of $8.25 billion, a P/E ratio of 41.60, a PEG ratio of 1.79 and a beta of 1.45. Generac Holdings Inc. has a one year low of $79.86 and a one year high of $156.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.27 and a quick ratio of 0.94.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.02). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 EPS. As a group, analysts forecast that Generac Holdings Inc. will post 6.31 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 that occurred on Thursday, February 1st. The shares were sold at an average price of $115.22, for a total value of $576,100.00. Following the transaction, the chief executive officer now owns 577,690 shares in the company, valued at $66,561,441.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of analyst reports. Robert W. Baird boosted their price objective on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Canaccord Genuity Group boosted their price objective on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. UBS Group decreased their price objective on shares of Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. OTR Global upgraded shares of Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. Finally, TD Cowen reduced their price target on shares of Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $140.80.

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.