Atria Wealth Solutions Inc. Trims Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Atria Wealth Solutions Inc. lessened its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 2.4% in the fourth quarter, HoldingsChannel reports. The firm owned 17,140 shares of the technology company’s stock after selling 417 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Generac were worth $2,658,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Empirical Finance LLC raised its holdings in Generac by 4.1% in the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock valued at $268,000 after acquiring an additional 66 shares during the last quarter. Allworth Financial LP grew its position in shares of Generac by 3.0% in the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock valued at $435,000 after purchasing an additional 80 shares during the period. Nicollet Investment Management Inc. increased its stake in Generac by 1.1% in the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock valued at $1,250,000 after purchasing an additional 82 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Generac by 42.0% during the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock worth $44,000 after buying an additional 84 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its stake in Generac by 6.3% in the 4th quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company’s stock worth $235,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total value of $787,500.00. Following the transaction, the chief executive officer now directly owns 570,825 shares of the company’s stock, valued at $89,904,937.50. This represents a 0.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.90% of the stock is currently owned by company insiders.

Generac Trading Down 0.5 %

NYSE GNRC opened at $137.87 on Friday. The stock has a market cap of $8.20 billion, a P/E ratio of 25.53, a PEG ratio of 1.48 and a beta of 1.42. The company’s fifty day simple moving average is $153.28 and its 200-day simple moving average is $160.31. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Equities research analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GNRC. Barclays started coverage on shares of Generac in a research note on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective for the company. Truist Financial cut their price target 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. TD Cowen boosted their price objective on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company cut their target price on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Finally, Stifel Nicolaus reduced their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $174.00.

About Generac

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.