Patriot Financial Group Insurance Agency LLC Reduces Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Patriot Financial Group Insurance Agency LLC reduced its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 44.1% during the fourth quarter, Holdings Channel reports. The firm owned 1,301 shares of the technology company’s stock after selling 1,026 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Generac were worth $202,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GNRC. Sunbelt Securities Inc. increased its position in shares of Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares during the period. Modus Advisors LLC bought a new stake in Generac during the 4th quarter valued at approximately $27,000. Versant Capital Management Inc grew its holdings in shares of Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after acquiring an additional 145 shares during the period. Cranbrook Wealth Management LLC bought a new position in shares of Generac in the 4th quarter worth approximately $28,000. Finally, Brooklyn Investment Group purchased a new position in shares of Generac in the 3rd quarter valued at approximately $31,000. 84.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. TD Cowen upped their target price on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Stifel Nicolaus upped their price objective on shares of Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, The Goldman Sachs Group lifted their target price on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and a consensus target price of $174.30.

Generac Trading Down 0.8 %

Shares of NYSE:GNRC opened at $148.01 on Thursday. The stock’s 50-day simple moving average is $166.18 and its two-hundred day simple moving average is $161.49. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 1.60 and a beta of 1.42. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week 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 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. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the business posted $1.64 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Analysts expect that Generac Holdings Inc. will post 6.91 EPS for the current year.

Insider Transactions at Generac

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the transaction, the executive vice president now owns 10,738 shares of the company’s stock, valued at $1,971,282.04. The trade was a 22.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the sale, the chief executive officer now directly owns 557,177 shares of the company’s stock, valued at approximately $92,825,688.20. This trade represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock worth $7,577,703 in the last 90 days. 2.90% of the stock is currently owned by insiders.

Generac Company 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.