Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Sigma Planning Corp

Sigma Planning Corp reduced its position in Generac Holdings Inc. (NYSE:GNRC) by 56.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,790 shares of the technology company’s stock after selling 2,319 shares during the period. Sigma Planning Corp’s holdings in Generac were worth $231,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Lido Advisors LLC boosted its holdings in shares of Generac by 2.9% during the third quarter. Lido Advisors LLC now owns 4,143 shares of the technology company’s stock worth $451,000 after purchasing an additional 115 shares during the period. Treasurer of the State of North Carolina boosted its holdings in Generac by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 26,713 shares of the technology company’s stock valued at $2,911,000 after acquiring an additional 140 shares during the period. Pinnacle Bancorp Inc. boosted its holdings in Generac by 89.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company’s stock valued at $40,000 after acquiring an additional 147 shares during the period. Bridgecreek Investment Management LLC boosted its holdings in Generac by 0.4% during the third quarter. Bridgecreek Investment Management LLC now owns 41,260 shares of the technology company’s stock valued at $4,496,000 after acquiring an additional 175 shares during the period. Finally, Mcdonald Partners LLC boosted its holdings in Generac by 3.9% during the third quarter. Mcdonald Partners LLC now owns 4,675 shares of the technology company’s stock valued at $509,000 after acquiring an additional 175 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Stock Up 0.9 %

Shares of GNRC stock opened at $140.12 on Monday. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $156.95. The firm’s fifty day moving average price is $122.62 and its two-hundred day moving average price is $117.21. The firm has a market capitalization of $8.44 billion, a P/E ratio of 42.59, a PEG ratio of 1.85 and a beta of 1.45.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a net margin of 5.33% and a return on equity of 14.15%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm posted $1.78 earnings per share. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. On average, equities analysts predict that Generac Holdings Inc. will post 6.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GNRC. Citigroup upped their price target on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, February 12th. OTR Global raised shares of Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. Canaccord Genuity Group upped their price objective on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Roth Mkm upped their price objective on shares of Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. Finally, Robert W. Baird upped their price objective on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and a consensus price target of $141.65.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $115.22, for a total transaction of $576,100.00. Following the completion of the sale, the chief executive officer now owns 577,690 shares of the company’s stock, valued at approximately $66,561,441.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.80% of the stock is currently owned by insiders.

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.