Wealth Advisory Solutions LLC Sells 4,765 Shares of Generac Holdings Inc. (NYSE:GNRC)

Wealth Advisory Solutions LLC decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 19.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,874 shares of the technology company's stock after selling 4,765 shares during the period. Wealth Advisory Solutions LLC's holdings in Generac were worth $2,517,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GNRC. Hurley Capital LLC bought a new stake in shares of Generac during the 4th quarter valued at about $26,000. Quadrant Capital Group LLC boosted its position in shares of Generac by 61.7% during the 4th 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 in the last quarter. Private Trust Co. NA boosted its position in shares of 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 purchasing an additional 90 shares in the last quarter. Ostrum Asset Management bought a new stake in shares of Generac during the 4th quarter valued at about $50,000. Finally, Wintrust Investments LLC boosted its position in shares of Generac by 55.1% during the 4th quarter. Wintrust Investments LLC now owns 428 shares of the technology company's stock valued at $66,000 after purchasing an additional 152 shares in the last quarter. Institutional investors own 84.04% of the company's stock.

Insider Transactions at Generac

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

Generac Stock Performance

GNRC stock opened at $149.49 on Wednesday. The firm has a market cap of $8.83 billion, a PE ratio of 26.04, a P/E/G ratio of 1.34 and a beta of 1.72. The company has a quick ratio of 0.89, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average of $129.15 and a 200-day moving average of $134.43. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $195.94.

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

Wall Street Analyst Weigh In

GNRC has been the topic of a number of research reports. Piper Sandler dropped their price target on Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Bank of America initiated coverage on Generac in a research note on Monday, March 24th. They set a "buy" rating and a $182.00 price target on the stock. TD Securities dropped their price target on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Wall Street Zen raised Generac from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Finally, Wells Fargo & Company dropped their price target on Generac from $165.00 to $128.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $169.17.

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.

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