Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors decreased its stake in Generac Holdings Inc. (NYSE:GNRC) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,398 shares of the technology company’s stock after selling 743 shares during the quarter. Arkadios Wealth Advisors’ holdings in Generac were worth $837,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Modus Advisors LLC purchased a new stake in shares of Generac in the fourth quarter worth about $27,000. Cranbrook Wealth Management LLC acquired a new position in shares of Generac in the 4th quarter valued at $28,000. Versant Capital Management Inc lifted its stake in shares of Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares during the period. Brooklyn Investment Group acquired a new position in shares of Generac in the 3rd quarter valued at $31,000. Finally, SouthState Corp acquired a new position in shares of Generac in the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Citigroup cut their price target on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Piper Sandler lifted their price target on shares of Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Barclays started coverage on shares of Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Truist Financial decreased their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.30.

Insider Transactions at Generac

In related news, CFO York A. Ragen sold 29,081 shares of Generac stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the transaction, the chief financial officer now owns 135,613 shares in the company, valued at approximately $25,051,789.49. The trade was a 17.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the transaction, the chief executive officer now owns 557,177 shares of the company’s stock, valued at $92,825,688.20. This trade represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,268 shares of company stock worth $7,577,703. 2.90% of the stock is currently owned by insiders.

Generac Stock Performance

Shares of Generac stock opened at $161.12 on Tuesday. The firm has a market cap of $9.59 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.59 and a beta of 1.42. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The business’s fifty day simple moving average is $170.24 and its 200-day simple moving average is $161.08.

Generac (NYSE:GNRC) last posted its earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. Generac’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.64 earnings per share. Equities analysts forecast that Generac Holdings Inc. will post 6.91 earnings per share for the current year.

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.