Hudson Valley Investment Advisors Inc. ADV Has $3.48 Million Position in Generac Holdings Inc. (NYSE:GNRC)

Hudson Valley Investment Advisors Inc. ADV decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,459 shares of the technology company’s stock after selling 1,096 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Generac were worth $3,482,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Diversified Trust Co acquired a new stake in shares of Generac during the 4th quarter worth about $322,000. Nordea Investment Management AB bought a new position in Generac in the 4th quarter valued at about $5,229,000. Modus Advisors LLC acquired a new stake in Generac during the fourth quarter worth approximately $27,000. GAMMA Investing LLC boosted its holdings in shares of Generac by 28.5% during the fourth quarter. GAMMA Investing LLC now owns 1,733 shares of the technology company’s stock worth $269,000 after acquiring an additional 384 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Stock Down 1.4 %

Shares of NYSE:GNRC opened at $158.76 on Friday. The business’s 50-day moving average is $173.48 and its 200-day moving average is $159.57. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 32.94, a P/E/G ratio of 2.04 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the business earned $1.64 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts predict that Generac Holdings Inc. will post 6.84 earnings per share for the current year.

Insiders Place Their Bets

In related news, 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 value 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 represents a 0.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the transaction, the executive vice president now directly owns 10,738 shares in the company, valued at $1,971,282.04. This represents a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,268 shares of company stock worth $7,577,703. Insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

GNRC has been the subject of several research reports. Truist Financial lifted their price target on Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Piper Sandler boosted their target price on shares of Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Robert W. Baird decreased their price target on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. The Goldman Sachs Group lifted their price objective on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Barclays assumed coverage on shares of Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $174.80.

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.