Patten & Patten Inc. TN Sells 2,130 Shares of Generac Holdings Inc. (NYSE:GNRC)

Patten & Patten Inc. TN lowered its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,194 shares of the technology company’s stock after selling 2,130 shares during the period. Patten & Patten Inc. TN’s holdings in Generac were worth $1,581,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Natixis Advisors LLC lifted its stake in shares of Generac by 8.7% in the fourth quarter. Natixis Advisors LLC now owns 21,537 shares of the technology company’s stock worth $3,339,000 after buying an additional 1,724 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Generac by 8.4% in the fourth quarter. First Eagle Investment Management LLC now owns 2,592 shares of the technology company’s stock worth $402,000 after buying an additional 200 shares in the last quarter. Wellington Shields Capital Management LLC lifted its stake in shares of Generac by 42.7% in the fourth quarter. Wellington Shields Capital Management LLC now owns 535 shares of the technology company’s stock worth $83,000 after buying an additional 160 shares in the last quarter. Wintrust Investments LLC lifted its stake in shares of Generac by 55.1% in the fourth quarter. Wintrust Investments LLC now owns 428 shares of the technology company’s stock worth $66,000 after buying an additional 152 shares in the last quarter. Finally, PFG Advisors bought a new position in shares of Generac in the fourth quarter worth approximately $391,000. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the transaction, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is owned by company insiders.

Generac Stock Performance

Shares of NYSE GNRC opened at $130.41 on Monday. The firm has a fifty day moving average price of $146.05 and a 200-day moving average price of $158.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The stock has a market cap of $7.77 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 1 year low of $110.86 and a 1 year high of $195.94.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping 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 fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GNRC. The Goldman Sachs Group dropped their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Truist Financial lowered their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Barclays started coverage on shares of Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective on the stock. Robert W. Baird lowered their price objective on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Finally, Wells Fargo & Company lowered their price objective on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Generac 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.