Dakota Wealth Management Sells 44,932 Shares of Generac Holdings Inc. (NYSE:GNRC)

Dakota Wealth Management lessened its holdings in Generac Holdings Inc. (NYSE:GNRC) by 91.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,066 shares of the technology company’s stock after selling 44,932 shares during the period. Dakota Wealth Management’s holdings in Generac were worth $515,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in GNRC. MQS Management LLC bought a new stake in Generac during the first quarter worth about $259,000. Stephens Investment Management Group LLC increased its position in Generac by 1.8% during the 1st quarter. Stephens Investment Management Group LLC now owns 245,385 shares of the technology company’s stock valued at $31,078,000 after purchasing an additional 4,271 shares during the period. Emerald Advisers LLC grew its position in shares of Generac by 54.3% in the 1st quarter. Emerald Advisers LLC now owns 2,080 shares of the technology company’s stock worth $263,000 after buying an additional 732 shares during the last quarter. Laurus Global Equity Management Inc. acquired a new stake in Generac during the 1st quarter valued at approximately $2,704,000. Finally, Harmony Asset Management LLC increased its holdings in shares of Generac by 3.6% during the 1st quarter. Harmony Asset Management LLC now owns 11,625 shares of the technology company’s stock valued at $1,472,000 after purchasing an additional 400 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on GNRC shares. Wells Fargo & Company lowered their price target on Generac from $165.00 to $128.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st. TD Cowen reduced their target price on Generac from $173.00 to $155.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Bank of America assumed coverage on Generac in a report on Monday, March 24th. They set a “buy” rating and a $182.00 price objective on the stock. Canaccord Genuity Group reduced their price objective on Generac from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Finally, Wall Street Zen raised Generac from a “hold” rating to a “buy” rating in a research report on Saturday, June 7th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $169.17.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the sale, the chief executive officer owned 562,966 shares in the company, valued at approximately $80,166,358.40. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is owned by company insiders.

Generac Trading Up 2.3%

NYSE GNRC opened at $150.02 on Friday. The stock has a market cap of $8.86 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 1.32 and a beta of 1.72. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.97. The stock has a 50 day simple moving average of $133.91 and a two-hundred day simple moving average of $134.31. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.27. Generac had a return on equity of 18.90% and a net margin of 7.68%. The business had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. Generac’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts forecast that Generac Holdings Inc. will post 8 earnings per share 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.