Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Regal Investment Advisors LLC

Regal Investment Advisors LLC decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 17.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,060 shares of the technology company’s stock after selling 6,084 shares during the quarter. Regal Investment Advisors LLC’s holdings in Generac were worth $4,506,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GNRC. Quantinno Capital Management LP purchased a new stake in Generac in the third quarter valued at approximately $354,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Generac by 2.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 23,079 shares of the technology company’s stock valued at $3,667,000 after purchasing an additional 631 shares during the last quarter. Barclays PLC grew its stake in shares of Generac by 41.4% during the 3rd quarter. Barclays PLC now owns 185,193 shares of the technology company’s stock valued at $29,425,000 after buying an additional 54,202 shares during the period. Coldstream Capital Management Inc. acquired a new stake in shares of Generac during the 3rd quarter worth $203,000. Finally, Diamant Asset Management Inc. raised its position in shares of Generac by 11.7% in the 3rd quarter. Diamant Asset Management Inc. now owns 3,810 shares of the technology company’s stock worth $605,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred 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 transaction, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GNRC shares. UBS Group boosted their price target on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Guggenheim upgraded Generac from a “sell” rating to a “neutral” rating in a report on Monday, March 17th. Truist Financial cut their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Bank of America assumed coverage on shares of Generac in a research report on Monday, March 24th. They set a “buy” rating and a $182.00 price target on the stock. Finally, Stifel Nicolaus dropped their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $175.60.

Generac Stock Performance

Generac stock opened at $113.37 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average of $130.76 and a 200-day moving average of $154.87. The stock has a market cap of $6.76 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week 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 for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. On average, analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

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.