Lyell Wealth Management LP Sells 175 Shares of Generac Holdings Inc. (NYSE:GNRC)

Lyell Wealth Management LP trimmed its position in Generac Holdings Inc. (NYSE:GNRC) by 6.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,410 shares of the technology company’s stock after selling 175 shares during the quarter. Lyell Wealth Management LP’s holdings in Generac were worth $383,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EntryPoint Capital LLC lifted its stake in shares of Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after purchasing an additional 90 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after buying an additional 220 shares in the last quarter. Blue Trust Inc. grew its position in shares of Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after buying an additional 97 shares during the last quarter. Finally, Fairfield Financial Advisors LTD bought a new position in shares of Generac during the 2nd quarter worth approximately $38,000. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Down 1.0 %

GNRC opened at $164.45 on Friday. The company has a fifty day moving average of $155.89 and a two-hundred day moving average of $147.08. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of 45.30, a PEG ratio of 2.22 and a beta of 1.38. Generac Holdings Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $176.14. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.25.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The firm had revenue of $998.20 million during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the business earned $1.08 EPS. Generac’s revenue for the quarter was down .2% compared to the same quarter last year. On average, research analysts expect that Generac Holdings Inc. will post 6.47 earnings per share for the current year.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the sale, the chief executive officer now owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

GNRC has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Generac from $139.00 to $156.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. StockNews.com downgraded Generac from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Stephens reiterated an “overweight” rating and issued a $200.00 price target on shares of Generac in a research note on Monday, August 5th. Robert W. Baird raised their price target on Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Canaccord Genuity Group upped their price objective on shares of Generac from $177.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Generac has an average rating of “Hold” and a consensus price target of $165.40.

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.