Hudson Valley Investment Advisors Inc. ADV Decreases Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

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

Other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. raised its stake in shares of Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares during the period. Modus Advisors LLC purchased a new stake in Generac during the fourth quarter worth about $27,000. Versant Capital Management Inc raised its position in Generac by 391.9% in the fourth 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. Brooklyn Investment Group purchased a new position in Generac in the third quarter valued at about $31,000. Finally, SouthState Corp bought a new position in shares of Generac during the 3rd quarter valued at approximately $32,000. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on GNRC shares. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. TD Cowen boosted their target price on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus increased their price target on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Roth Mkm lifted their price objective on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group upped their price target on Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.80.

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 dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the sale, the executive vice president now directly owns 10,738 shares of the company’s stock, valued at $1,971,282.04. This represents a 22.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Friday, November 1st. The shares were 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. The trade was a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,268 shares of company stock valued at $7,577,703. 2.90% of the stock is currently owned by company insiders.

Generac Trading Down 1.4 %

Shares of GNRC opened at $158.76 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. The firm has a market cap of $9.45 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 2.04 and a beta of 1.42. The firm has a 50 day moving average price of $173.48 and a 200-day moving average price of $159.57. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 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 business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the firm earned $1.64 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts forecast that Generac Holdings Inc. will post 6.84 earnings per share for the current year.

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.