D.A. Davidson & CO. Sells 2,325 Shares of Generac Holdings Inc. (NYSE:GNRC)

D.A. Davidson & CO. lowered its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 25.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,757 shares of the technology company's stock after selling 2,325 shares during the quarter. D.A. Davidson & CO.'s holdings in Generac were worth $856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Hurley Capital LLC purchased a new position in shares of Generac in the fourth quarter worth $26,000. Quadrant Capital Group LLC increased its position in 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 acquiring an additional 87 shares during the last quarter. Private Trust Co. NA increased its position in Generac by 42.9% during the first quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after acquiring an additional 90 shares during the last quarter. Ostrum Asset Management purchased a new stake in Generac during the fourth quarter valued at $50,000. Finally, Wintrust Investments LLC increased its position in Generac by 55.1% during the fourth quarter. Wintrust Investments LLC now owns 428 shares of the technology company's stock valued at $66,000 after acquiring an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total transaction of $712,000.00. Following the completion of the transaction, the chief executive officer directly owned 562,966 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.70% of the company's stock.

Analyst Ratings Changes

GNRC has been the subject of a number of research reports. Robert W. Baird reduced their price objective on Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company reduced their price objective on Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Piper Sandler reduced their price target on Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. TD Securities reduced their price target on Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Stifel Nicolaus reduced 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 research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Generac has an average rating of "Moderate Buy" and a consensus price target of $169.17.

Generac Price Performance

Shares of NYSE GNRC traded down $1.33 during mid-day trading on Friday, reaching $150.66. The company's stock had a trading volume of 661,714 shares, compared to its average volume of 862,368. The firm has a market capitalization of $8.90 billion, a PE ratio of 26.25, a P/E/G ratio of 1.36 and a beta of 1.72. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.89. The stock has a fifty day moving average of $131.40 and a two-hundred day moving average of $134.21. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94.

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