Allen Mooney & Barnes Investment Advisors LLC Reduces Holdings in Generac Holdings Inc. (NYSE:GNRC)

Allen Mooney & Barnes Investment Advisors LLC lowered its stake in Generac Holdings Inc. (NYSE:GNRC) by 3.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,802 shares of the technology company’s stock after selling 62 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Generac were worth $286,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. EntryPoint Capital LLC lifted its position in shares of Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after acquiring an additional 90 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after purchasing an additional 220 shares during the last quarter. Quarry LP grew its holdings in shares of Generac by 219.6% during the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after buying an additional 202 shares in the last quarter. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of Generac in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GNRC. Canaccord Genuity Group raised their target price on shares of Generac from $177.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird raised their price objective on Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Roth Mkm upped their target price on Generac from $135.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Piper Sandler reissued an “overweight” rating and issued a $175.00 price target on shares of Generac in a research note on Tuesday, September 24th. Finally, StockNews.com downgraded shares of Generac from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Generac has a consensus rating of “Hold” and an average target price of $154.71.

Generac Stock Performance

Shares of NYSE:GNRC opened at $173.84 on Tuesday. The business’s 50-day simple moving average is $151.55 and its 200 day simple moving average is $144.93. The company has a market cap of $10.54 billion, a P/E ratio of 47.89, a PEG ratio of 2.22 and a beta of 1.38. 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 Holdings Inc. has a one year low of $79.86 and a one year high of $175.86.

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

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the sale, the chief executive officer now directly owns 562,177 shares in the company, valued at $89,346,790.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.80% of the stock is currently owned by insiders.

Generac Company 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.