Guggenheim Capital LLC Has $675,000 Holdings in Generac Holdings Inc. (NYSE:GNRC)

Guggenheim Capital LLC cut its stake in Generac Holdings Inc. (NYSE:GNRC) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,351 shares of the technology company’s stock after selling 461 shares during the quarter. Guggenheim Capital LLC’s holdings in Generac were worth $675,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Nordea Investment Management AB acquired a new stake in Generac in the 4th quarter worth about $5,229,000. Global Financial Private Client LLC bought a new position in shares of Generac in the 4th quarter valued at $614,000. Franklin Resources Inc. raised its holdings in shares of Generac by 106.1% during the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock worth $4,998,000 after buying an additional 14,811 shares in the last quarter. Barclays PLC lifted its position in shares of Generac by 41.4% during the 3rd quarter. Barclays PLC now owns 185,193 shares of the technology company’s stock worth $29,425,000 after buying an additional 54,202 shares during the last quarter. Finally, Dakota Wealth Management boosted its stake in Generac by 59.1% in the fourth quarter. Dakota Wealth Management now owns 48,998 shares of the technology company’s stock valued at $7,597,000 after buying an additional 18,197 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GNRC has been the subject of a number of research analyst reports. Piper Sandler lowered their price objective on shares of Generac from $175.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Bank of America started coverage on Generac in a research report on Monday, March 24th. They set a “buy” rating and a $182.00 price objective for the company. The Goldman Sachs Group cut their price target on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Citigroup raised shares of Generac from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $162.00 to $138.00 in a research report on Thursday, April 17th. Finally, Truist Financial cut their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and a consensus target price of $173.40.

Generac Price Performance

Shares of NYSE GNRC opened at $113.85 on Friday. The stock’s 50 day moving average price is $125.24 and its 200-day moving average price is $152.16. The company has a market capitalization of $6.79 billion, a PE ratio of 21.08, a PEG ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $195.94. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. On average, equities analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current 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.