Purus Wealth Management LLC Sells 178 Shares of Generac Holdings Inc. (NYSE:GNRC)

Purus Wealth Management LLC lowered its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 10.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,475 shares of the technology company’s stock after selling 178 shares during the quarter. Purus Wealth Management LLC’s holdings in Generac were worth $229,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Modus Advisors LLC bought a new position in shares of Generac during the 4th quarter valued at about $27,000. Cranbrook Wealth Management LLC acquired a new stake in Generac during the 4th quarter worth approximately $28,000. Versant Capital Management Inc lifted its stake in Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after buying an additional 145 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Generac in the third quarter valued at approximately $31,000. Finally, SouthState Corp bought a new stake in shares of Generac during the third quarter worth $32,000. 84.04% of the stock is owned by institutional investors.

Generac Price Performance

NYSE:GNRC opened at $161.12 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 33.43, a P/E/G ratio of 1.59 and a beta of 1.42. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The firm’s 50-day simple moving average is $170.92 and its 200 day simple moving average is $160.92.

Generac (NYSE:GNRC) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 earnings per share. As a group, sell-side analysts predict that Generac Holdings Inc. will post 6.91 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Truist Financial cut their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday. Roth Mkm boosted their price target on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group increased their price objective on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Citigroup cut their target price on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays initiated coverage on shares of Generac in a research note on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and a consensus target price of $174.30.

Insider Activity

In related news, CFO York A. Ragen sold 29,081 shares of Generac stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the transaction, the chief financial officer now directly owns 135,613 shares of the company’s stock, valued at $25,051,789.49. This trade represents a 17.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total value of $787,500.00. Following the transaction, the chief executive officer now directly owns 570,825 shares of the company’s stock, valued at $89,904,937.50. This trade represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 42,268 shares of company stock worth $7,577,703. 2.90% of the stock is currently owned by company insiders.

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.