Commonwealth Equity Services LLC Trims Holdings in Generac Holdings Inc. (NYSE:GNRC)

Commonwealth Equity Services LLC decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,354 shares of the technology company’s stock after selling 2,118 shares during the period. Commonwealth Equity Services LLC owned approximately 0.09% of Generac worth $8,273,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Wintrust Investments LLC lifted its stake in shares of Generac by 55.1% in the 4th quarter. Wintrust Investments LLC now owns 428 shares of the technology company’s stock valued at $66,000 after acquiring an additional 152 shares during the last quarter. PFG Advisors purchased a new stake in Generac in the 4th quarter worth $391,000. Wealthfront Advisers LLC purchased a new stake in Generac in the 4th quarter worth $12,286,000. Inspire Advisors LLC purchased a new stake in Generac in the 4th quarter worth $569,000. Finally, Miller Financial Services LLC purchased a new position in shares of Generac during the fourth quarter valued at about $593,000. Institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Guggenheim raised shares of Generac from a “sell” rating to a “neutral” rating in a report on Monday. Robert W. Baird lowered their price target on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Wells Fargo & Company lowered their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. The Goldman Sachs Group decreased their price objective on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Finally, Barclays started coverage on shares of Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price objective for the company. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and an average target price of $174.00.

Generac Trading Down 0.2 %

NYSE GNRC opened at $133.35 on Friday. The company has a market capitalization of $7.95 billion, a PE ratio of 24.70, a P/E/G ratio of 1.44 and a beta of 1.50. The company has a fifty day moving average of $143.91 and a 200 day moving average of $158.15. Generac Holdings Inc. has a 1 year low of $115.76 and a 1 year high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping 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%. Research 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.