True Vision MN LLC Sells 302 Shares of Generac Holdings Inc. (NYSE:GNRC)

True Vision MN LLC decreased its position in Generac Holdings Inc. (NYSE:GNRC) by 8.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,298 shares of the technology company’s stock after selling 302 shares during the quarter. True Vision MN LLC’s holdings in Generac were worth $524,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of Generac in the third quarter worth $31,000. SouthState Corp acquired a new stake in Generac in the 3rd quarter valued at $32,000. Sunbelt Securities Inc. lifted its position in Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. EntryPoint Capital LLC boosted its stake in shares of Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after buying an additional 90 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Trading Up 0.0 %

Shares of NYSE:GNRC traded up $0.04 during midday trading on Wednesday, hitting $192.30. 14,532 shares of the stock were exchanged, compared to its average volume of 942,817. The business’s 50-day moving average price is $170.09 and its 200 day moving average price is $154.43. The stock has a market capitalization of $11.44 billion, a price-to-earnings ratio of 39.89, a P/E/G ratio of 2.35 and a beta of 1.37. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.64 EPS. Analysts predict that Generac Holdings Inc. will post 6.8 earnings per share for the current year.

Insiders Place Their Bets

In other Generac news, CFO York A. Ragen sold 29,081 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the completion of the sale, the chief financial officer now directly owns 135,613 shares in the company, valued at approximately $25,051,789.49. This trade represents a 17.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value 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 $89,346,790.61. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,268 shares of company stock worth $7,584,853. 2.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

GNRC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Robert W. Baird dropped their target price on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus lifted their price target on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Truist Financial upped their price objective on Generac from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their target price on Generac from $139.00 to $156.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $174.58.

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.