Centaurus Financial Inc. Has $112,000 Stake in Generac Holdings Inc. (NYSE:GNRC)

Centaurus Financial Inc. trimmed its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 7.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 703 shares of the technology company’s stock after selling 58 shares during the period. Centaurus Financial Inc.’s holdings in Generac were worth $112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Trust N.A. boosted its position in Generac by 52.8% in the 3rd quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock valued at $541,000 after buying an additional 1,177 shares during the last quarter. Willis Investment Counsel boosted its position in Generac by 18.7% in the 3rd quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock valued at $16,684,000 after buying an additional 16,541 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Generac by 85.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock valued at $928,000 after buying an additional 3,244 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV bought a new position in Generac in the 3rd quarter valued at $3,742,000. Finally, Versor Investments LP bought a new position in Generac in the 3rd quarter valued at $1,823,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on GNRC shares. Truist Financial raised their price target on Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. TD Cowen lifted their target price on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup lifted their target price on Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Robert W. Baird reduced their price objective on Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, Wells Fargo & Company boosted their price objective on Generac from $139.00 to $156.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and an average price target of $174.58.

Generac Stock Down 1.0 %

Shares of GNRC opened at $190.40 on Friday. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The company has a market cap of $11.33 billion, a P/E ratio of 39.50, a P/E/G ratio of 2.35 and a beta of 1.37. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $171.99 and a two-hundred day simple moving average of $154.93.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 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 business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $1.64 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. Research analysts forecast that Generac Holdings Inc. will post 6.8 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 10,738 shares in the company, valued at approximately $1,971,282.04. This represents a 22.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s 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 transaction, the chief executive officer now owns 557,177 shares of the company’s stock, valued at $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 sold a total of 42,268 shares of company stock worth $7,584,853 over the last three months. Corporate insiders own 2.90% of the company’s stock.

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.