Faithward Advisors LLC Lowers Stock Holdings in Generac Holdings Inc. $GNRC

Faithward Advisors LLC lowered its holdings in Generac Holdings Inc. (NYSE:GNRC) by 29.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,593 shares of the technology company’s stock after selling 8,377 shares during the period. Faithward Advisors LLC’s holdings in Generac were worth $2,672,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MUFG Securities EMEA plc purchased a new stake in shares of Generac in the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Generac in the third quarter valued at $26,000. IFP Advisors Inc grew its position in shares of Generac by 33.8% in the fourth quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock valued at $59,000 after purchasing an additional 110 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Generac in the fourth quarter valued at $61,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Generac in the third quarter valued at $67,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Activity

In other news, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $272.26, for a total value of $149,743.00. Following the completion of the sale, the insider owned 16,108 shares of the company’s stock, valued at $4,385,564.08. This represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $272.18, for a total value of $1,360,900.00. Following the completion of the sale, the chief executive officer directly owned 564,528 shares of the company’s stock, valued at $153,653,231.04. The trade was a 0.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is owned by corporate insiders.

Generac Price Performance

GNRC stock opened at $269.84 on Tuesday. The stock has a 50-day moving average price of $245.27 and a two-hundred day moving average price of $202.79. Generac Holdings Inc. has a 12-month low of $123.94 and a 12-month high of $294.18. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. The company has a market cap of $15.89 billion, a PE ratio of 84.59, a price-to-earnings-growth ratio of 2.45 and a beta of 1.93.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.47. Generac had a return on equity of 15.45% and a net margin of 4.37%.The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the business earned $1.26 earnings per share. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, research analysts predict that Generac Holdings Inc. will post 8.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GNRC shares. UBS Group lifted their price objective on Generac from $305.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday. Raymond James Financial set a $302.00 price objective on Generac in a research report on Friday, May 22nd. Stifel Nicolaus set a $275.00 price target on Generac in a research report on Thursday, April 30th. TD Cowen boosted their price target on Generac from $255.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Argus boosted their price target on Generac from $255.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $278.65.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.