Apis Capital Advisors LLC Sells 11,000 Shares of Generac Holdings Inc. (NYSE:GNRC)

Apis Capital Advisors LLC reduced its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 17.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,000 shares of the technology company's stock after selling 11,000 shares during the period. Generac accounts for about 5.5% of Apis Capital Advisors LLC's holdings, making the stock its 8th biggest holding. Apis Capital Advisors LLC owned approximately 0.09% of Generac worth $8,218,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Hurley Capital LLC acquired a new stake in shares of Generac during the 4th quarter worth about $26,000. Modus Advisors LLC purchased a new position in Generac during the fourth quarter worth about $27,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Generac during the fourth quarter valued at about $28,000. Versant Capital Management Inc raised 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 acquiring an additional 145 shares during the period. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Generac in the 4th quarter worth approximately $31,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated 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 sale, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.90% of the company's stock.

Generac Price Performance

Shares of GNRC opened at $114.45 on Friday. 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 $99.50 and a 1-year high of $195.94. The stock has a market cap of $6.82 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. The firm has a fifty day moving average price of $122.07 and a 200 day moving average price of $149.77.

Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.27. The business had revenue of $942.12 million during the quarter, compared to the consensus estimate of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 EPS. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. TD Securities cut their target price on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday. TD Cowen lowered their target price on Generac from $173.00 to $155.00 and set a "buy" rating for the company in a report on Thursday. Wells Fargo & Company dropped their target price on Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a research report on Thursday. Citigroup raised shares of Generac from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $162.00 to $138.00 in a research report on Thursday, April 17th. Finally, Truist Financial dropped their price objective on shares of Generac from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Generac has an average rating of "Moderate Buy" and a consensus price target of $167.20.

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.

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