Corient Private Wealth LLC Decreases Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Corient Private Wealth LLC lowered its stake in Generac Holdings Inc. (NYSE:GNRC) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,621 shares of the technology company’s stock after selling 4,240 shares during the period. Corient Private Wealth LLC’s holdings in Generac were worth $3,662,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GNRC. Natixis Advisors LLC increased its holdings in shares of Generac by 36.4% in the third quarter. Natixis Advisors LLC now owns 19,813 shares of the technology company’s stock worth $3,148,000 after buying an additional 5,286 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of Generac by 63.8% in the third quarter. Thrivent Financial for Lutherans now owns 4,006 shares of the technology company’s stock worth $637,000 after buying an additional 1,560 shares during the period. Pathstone Holdings LLC grew its stake in shares of Generac by 10.2% in the third quarter. Pathstone Holdings LLC now owns 17,011 shares of the technology company’s stock worth $2,703,000 after purchasing an additional 1,569 shares during the last quarter. Prospera Financial Services Inc grew its stake in shares of Generac by 3.4% in the third quarter. Prospera Financial Services Inc now owns 3,339 shares of the technology company’s stock worth $530,000 after purchasing an additional 109 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Generac by 9.0% in the third quarter. PNC Financial Services Group Inc. now owns 13,885 shares of the technology company’s stock worth $2,206,000 after purchasing an additional 1,152 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Price Performance

NYSE GNRC opened at $131.57 on Friday. The business’s fifty day moving average price is $143.39 and its 200-day moving average price is $158.05. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 1.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. Generac Holdings Inc. has a 1-year low of $115.76 and a 1-year high of $195.94.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on GNRC shares. Barclays started coverage on Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price on the stock. UBS Group raised their target price on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Truist Financial cut their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company cut their target price on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Finally, Citigroup cut their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $174.00.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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.