D.A. Davidson & CO. Has $1.41 Million Stock Position in Generac Holdings Inc. (NYSE:GNRC)

D.A. Davidson & CO. lowered its holdings in shares of Generac Holdings Inc. (NYSE:GNRCFree Report) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,873 shares of the technology company’s stock after selling 1,980 shares during the period. D.A. Davidson & CO.’s holdings in Generac were worth $1,405,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GNRC. Headlands Technologies LLC acquired a new stake in Generac in the third quarter valued at approximately $28,000. BKM Wealth Management LLC acquired a new stake in Generac in the fourth quarter valued at approximately $28,000. ORG Partners LLC acquired a new stake in Generac in the fourth quarter valued at approximately $38,000. Operose Advisors LLC acquired a new stake in Generac in the third quarter valued at approximately $40,000. Finally, Pinnacle Bancorp Inc. grew its stake in Generac by 89.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company’s stock valued at $40,000 after acquiring an additional 147 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of research reports. Canaccord Genuity Group raised their price objective on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Truist Financial raised their target price on Generac from $160.00 to $170.00 and gave the company a “buy” rating in a report on Thursday. Citigroup raised their target price on Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Canaccord Genuity Group raised their target price on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, UBS Group dropped their target price on Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $142.15.

Get Our Latest Stock Report on GNRC

Generac Stock Up 3.1 %

Shares of NYSE GNRC opened at $148.66 on Monday. Generac Holdings Inc. has a one year low of $79.86 and a one year high of $156.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.29 and a quick ratio of 0.97. The business’s fifty day moving average price is $133.62 and its 200-day moving average price is $123.63. The stock has a market capitalization of $9.01 billion, a PE ratio of 40.95, a P/E/G ratio of 2.04 and a beta of 1.41.

Generac (NYSE:GNRCGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The firm had revenue of $889.27 million for the quarter, compared to analysts’ expectations of $886.60 million. During the same quarter in the prior year, the firm earned $0.63 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts anticipate that Generac Holdings Inc. will post 6.08 EPS for the current year.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $126.94, for a total transaction of $634,700.00. Following the sale, the chief executive officer now directly owns 592,177 shares in the company, valued at approximately $75,170,948.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $126.94, for a total transaction of $634,700.00. Following the sale, the chief executive officer now directly owns 592,177 shares in the company, valued at approximately $75,170,948.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Erik Wilde sold 4,384 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $154.04, for a total value of $675,311.36. Following the sale, the executive vice president now owns 17,897 shares in the company, valued at $2,756,853.88. The disclosure for this sale can be found here. Insiders have sold 14,930 shares of company stock valued at $2,086,502 in the last 90 days. Insiders own 2.80% of the company’s stock.

About Generac

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding GNRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Generac Holdings Inc. (NYSE:GNRCFree Report).

Institutional Ownership by Quarter for Generac (NYSE:GNRC)

Receive News & Ratings for Generac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Generac and related companies with MarketBeat.com's FREE daily email newsletter.