Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Cerity Partners LLC

Cerity Partners LLC trimmed its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,734 shares of the technology company's stock after selling 1,952 shares during the period. Cerity Partners LLC owned 0.08% of Generac worth $6,299,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in GNRC. Hurley Capital LLC bought a new stake in shares of Generac in the 4th quarter worth approximately $26,000. Quadrant Capital Group LLC boosted its stake in shares of Generac by 61.7% during the fourth quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock valued at $35,000 after purchasing an additional 87 shares during the period. Private Trust Co. NA raised its holdings in Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after buying an additional 90 shares during the last quarter. Ostrum Asset Management bought a new position in Generac during the 4th quarter valued at approximately $50,000. Finally, Intact Investment Management Inc. purchased a new stake in Generac in the 1st quarter worth approximately $76,000. Institutional investors own 84.04% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GNRC shares. Piper Sandler reduced their target price on Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Canaccord Genuity Group lowered their target price on shares of Generac from $200.00 to $180.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Wall Street Zen raised Generac from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Wells Fargo & Company dropped their target price on Generac from $165.00 to $128.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Finally, Stifel Nicolaus lowered their price target on Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $169.17.

Generac Trading Up 1.8%

GNRC stock traded up $2.62 during trading on Thursday, hitting $149.34. The company had a trading volume of 242,978 shares, compared to its average volume of 855,910. The company has a 50 day simple moving average of $133.32 and a 200-day simple moving average of $134.34. The firm has a market capitalization of $8.82 billion, a P/E ratio of 26.00, a PEG ratio of 1.32 and a beta of 1.72. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $195.94. The company has a quick ratio of 0.89, a current ratio of 1.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.27. Generac had a net margin of 7.68% and a return on equity of 18.90%. The firm had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. During the same period in the previous year, the company earned $0.88 earnings per share. The business's quarterly revenue was up 5.9% compared to the same quarter last year. As a group, research analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the transaction, the chief executive officer owned 562,966 shares in the company, valued at approximately $80,166,358.40. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is owned by corporate insiders.

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.