Kestra Private Wealth Services LLC Sells 2,429 Shares of Generac Holdings Inc. (NYSE:GNRC)

Kestra Private Wealth Services LLC cut its position in Generac Holdings Inc. (NYSE:GNRC) by 28.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,096 shares of the technology company’s stock after selling 2,429 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Generac were worth $788,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Lido Advisors LLC boosted its stake in Generac by 2.9% in the 3rd quarter. Lido Advisors LLC now owns 4,143 shares of the technology company’s stock valued at $451,000 after purchasing an additional 115 shares during the period. Treasurer of the State of North Carolina boosted its stake in Generac by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 26,713 shares of the technology company’s stock valued at $2,911,000 after purchasing an additional 140 shares during the period. Pinnacle Bancorp Inc. lifted its position in shares of Generac by 89.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company’s stock valued at $40,000 after acquiring an additional 147 shares during the period. Bridgecreek Investment Management LLC lifted its position in shares of Generac by 0.4% during the 3rd quarter. Bridgecreek Investment Management LLC now owns 41,260 shares of the technology company’s stock valued at $4,496,000 after acquiring an additional 175 shares during the period. Finally, Mcdonald Partners LLC lifted its position in shares of Generac by 3.9% during the 3rd quarter. Mcdonald Partners LLC now owns 4,675 shares of the technology company’s stock valued at $509,000 after acquiring an additional 175 shares during the period. 84.04% of the stock is currently owned by institutional investors.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, April 1st. The shares were sold at an average price of $126.94, for a total value of $634,700.00. Following the completion of the sale, the chief executive officer now owns 592,177 shares of the company’s stock, valued at approximately $75,170,948.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GNRC has been the subject of a number of recent analyst reports. Oppenheimer upped their target price on Generac from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday. Robert W. Baird upped their target price on Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. UBS Group cut their target price on Generac from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Canaccord Genuity Group lifted their price target on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Canaccord Genuity Group boosted their target price on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $142.40.

Generac Trading Up 3.7 %

NYSE:GNRC opened at $133.38 on Friday. The firm has a fifty day simple moving average of $124.48 and a two-hundred day simple moving average of $118.20. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $156.95. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 1.82 and a beta of 1.41. The company has a current ratio of 2.29, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.72 by $0.16. The company had revenue of $889.27 million during the quarter, compared to the consensus estimate of $886.60 million. Generac had a return on equity of 14.68% and a net margin of 5.68%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the business posted $0.63 EPS. Analysts expect that Generac Holdings Inc. will post 6.1 EPS for the current fiscal year.

About Generac

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.