Wealth Advisory Solutions LLC Reduces Position in Generac Holdings Inc. (NYSE:GNRC)

Wealth Advisory Solutions LLC trimmed its stake in Generac Holdings Inc. (NYSE:GNRC) by 42.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,732 shares of the technology company’s stock after selling 16,495 shares during the quarter. Generac makes up 1.0% of Wealth Advisory Solutions LLC’s portfolio, making the stock its 29th biggest holding. Wealth Advisory Solutions LLC’s holdings in Generac were worth $3,612,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. DAVENPORT & Co LLC boosted its position in Generac by 831.1% during the first quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock worth $30,288,000 after acquiring an additional 214,322 shares during the last quarter. Willis Investment Counsel lifted its stake in shares of Generac by 18.7% during the 3rd quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock worth $16,684,000 after purchasing an additional 16,541 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Generac by 85.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock worth $928,000 after purchasing an additional 3,244 shares during the last quarter. Epoch Investment Partners Inc. purchased a new stake in shares of Generac in the first quarter valued at $1,053,000. Finally, Nwam LLC increased its stake in Generac by 135.8% in the first quarter. Nwam LLC now owns 5,629 shares of the technology company’s stock valued at $768,000 after purchasing an additional 3,242 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Stock Down 1.1 %

NYSE GNRC traded down $1.81 on Monday, reaching $165.47. The company had a trading volume of 122,507 shares, compared to its average volume of 956,910. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $176.14. The firm has a 50-day moving average of $153.90 and a 200-day moving average of $146.13. The firm has a market capitalization of $10.03 billion, a PE ratio of 46.13, a P/E/G ratio of 2.22 and a beta of 1.38.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The business had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts anticipate that Generac Holdings Inc. will post 6.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of research analyst reports. TD Cowen raised their price target on Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Piper Sandler raised their target price on shares of Generac from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday. Wells Fargo & Company upped their price target on shares of Generac from $139.00 to $156.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Scotiabank increased their price target on shares of Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Generac currently has a consensus rating of “Hold” and an average price target of $162.45.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the sale, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

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.