Wealth Advisory Solutions LLC Sells 11,439 Shares of Generac Holdings Inc. $GNRC

Wealth Advisory Solutions LLC cut its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 59.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 7,741 shares of the technology company’s stock after selling 11,439 shares during the period. Wealth Advisory Solutions LLC’s holdings in Generac were worth $1,296,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Generac by 2.9% during the second quarter. JPMorgan Chase & Co. now owns 361,189 shares of the technology company’s stock valued at $51,728,000 after purchasing an additional 10,325 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in Generac during the 2nd quarter valued at approximately $217,000. Acadian Asset Management LLC raised its stake in Generac by 37.3% during the first quarter. Acadian Asset Management LLC now owns 10,429 shares of the technology company’s stock valued at $1,320,000 after buying an additional 2,834 shares during the last quarter. Rothschild Investment LLC boosted its holdings in Generac by 95.9% in the second quarter. Rothschild Investment LLC now owns 6,405 shares of the technology company’s stock worth $917,000 after acquiring an additional 3,135 shares in the last quarter. Finally, Lonestar Capital Management LLC bought a new stake in Generac in the second quarter worth $4,296,000. Institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $166.43, for a total value of $832,150.00. Following the transaction, the chief executive officer directly owned 542,966 shares of the company’s stock, valued at approximately $90,365,831.38. This trade represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Generac Stock Up 2.5%

Shares of Generac stock opened at $156.58 on Tuesday. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $203.25. The company has a quick ratio of 1.02, a current ratio of 2.18 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $149.92 and its 200 day moving average is $166.38. The company has a market cap of $9.19 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 1.25 and a beta of 1.82.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Generac had a net margin of 6.92% and a return on equity of 17.63%. Generac’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 earnings per share. Research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GNRC. JPMorgan Chase & Co. upgraded Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price target for the company in a report on Monday, December 8th. Wall Street Zen lowered shares of Generac from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. Citigroup upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $207.00 target price on the stock in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Generac in a research report on Wednesday, October 8th. Finally, UBS Group decreased their price objective on shares of Generac from $220.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $196.17.

About Generac

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.