Wealth Effects LLC Sells 200 Shares of Generac Holdings Inc. (NYSE:GNRC)

Wealth Effects LLC lessened its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,319 shares of the technology company’s stock after selling 200 shares during the period. Wealth Effects LLC’s holdings in Generac were worth $1,100,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Fortis Capital Advisors LLC acquired a new stake in shares of Generac during the 2nd quarter valued at about $796,000. Resonant Capital Advisors LLC grew its stake in shares of Generac by 13.8% in the 2nd quarter. Resonant Capital Advisors LLC now owns 1,919 shares of the technology company’s stock valued at $254,000 after purchasing an additional 233 shares during the period. Stiles Financial Services Inc grew its stake in shares of Generac by 1.8% in the 2nd quarter. Stiles Financial Services Inc now owns 11,368 shares of the technology company’s stock valued at $1,503,000 after purchasing an additional 204 shares during the period. Natixis Advisors LLC acquired a new position in shares of Generac in the 2nd quarter worth approximately $1,921,000. Finally, Equitable Trust Co. lifted its position in shares of Generac by 29.6% during the 2nd quarter. Equitable Trust Co. now owns 3,477 shares of the technology company’s stock worth $460,000 after buying an additional 794 shares during the period. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on GNRC shares. TD Cowen increased their price objective on Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Guggenheim cut shares of Generac from a “neutral” rating to a “sell” rating and set a $120.00 price target on the stock. in a research note on Thursday, May 30th. JPMorgan Chase & Co. lifted their price target on shares of Generac from $149.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. Stifel Nicolaus restated a “buy” rating and issued a $175.00 price objective (up from $145.00) on shares of Generac in a report on Thursday, August 1st. Finally, Janney Montgomery Scott downgraded Generac from a “buy” rating to a “neutral” rating and upped their price objective for the company from $126.00 to $154.00 in a report on Thursday, June 13th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Generac currently has an average rating of “Hold” and an average target price of $154.71.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $133.39, for a total transaction of $666,950.00. Following the sale, the chief executive officer now owns 577,177 shares in the company, valued at approximately $76,989,640.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.80% of the stock is owned by insiders.

Generac Stock Performance

GNRC stock traded down $0.25 during trading hours on Wednesday, hitting $146.78. 19,281 shares of the stock were exchanged, compared to its average volume of 966,950. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $169.57. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $8.90 billion, a P/E ratio of 40.50, a P/E/G ratio of 2.01 and a beta of 1.37. The company has a 50-day simple moving average of $148.57 and a two-hundred day simple moving average of $137.17.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The business had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. Generac’s revenue for the quarter was down .2% compared to the same quarter last year. On average, analysts forecast that Generac Holdings Inc. will post 6.49 earnings per share for the current fiscal year.

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.