Wellington Shields & Co. LLC Sells 228 Shares of Generac Holdings Inc. (NYSE:GNRC)

Wellington Shields & Co. LLC lessened its holdings in Generac Holdings Inc. (NYSE:GNRC) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,863 shares of the technology company’s stock after selling 228 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Generac were worth $1,064,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. First Eagle Investment Management LLC increased its holdings in Generac by 8.4% in the 4th quarter. First Eagle Investment Management LLC now owns 2,592 shares of the technology company’s stock valued at $402,000 after buying an additional 200 shares during the period. Wellington Shields Capital Management LLC grew its holdings in shares of Generac by 42.7% in the 4th quarter. Wellington Shields Capital Management LLC now owns 535 shares of the technology company’s stock worth $83,000 after purchasing an additional 160 shares during the last quarter. Wintrust Investments LLC grew its holdings in shares of Generac by 55.1% in the 4th quarter. Wintrust Investments LLC now owns 428 shares of the technology company’s stock worth $66,000 after purchasing an additional 152 shares during the last quarter. PFG Advisors bought a new stake in shares of Generac in the 4th quarter worth about $391,000. Finally, Wealthfront Advisers LLC bought a new stake in shares of Generac in the 4th quarter worth about $12,286,000. Institutional investors own 84.04% of the company’s stock.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.90% of the stock is currently owned by corporate insiders.

Generac Stock Performance

Generac stock opened at $130.41 on Friday. The company has a market cap of $7.77 billion, a PE ratio of 24.15, a PEG ratio of 1.44 and a beta of 1.50. The company’s 50-day moving average is $146.05 and its two-hundred day moving average is $158.77. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 1 year low of $110.35 and a 1 year high of $195.94.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Equities analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GNRC. Stifel Nicolaus lowered their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company lowered their target price on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Barclays started coverage on shares of Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price on the stock. Piper Sandler decreased their price objective on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Finally, UBS Group increased their price objective on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

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.