Congress Wealth Management LLC DE Sells 27,988 Shares of Generac Holdings Inc. (NYSE:GNRC)

Congress Wealth Management LLC DE lessened its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 56.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,157 shares of the technology company’s stock after selling 27,988 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Generac were worth $3,280,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Dillon & Associates Inc. boosted its position in Generac by 20.1% in the fourth quarter. Dillon & Associates Inc. now owns 15,163 shares of the technology company’s stock valued at $2,350,000 after buying an additional 2,542 shares in the last quarter. Emerald Advisers LLC acquired a new position in shares of Generac in the 4th quarter worth approximately $209,000. Vanguard Group Inc. grew its position in Generac by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company’s stock worth $1,053,650,000 after acquiring an additional 47,450 shares during the last quarter. Stevens Capital Management LP acquired a new stake in Generac during the 4th quarter valued at $358,000. Finally, LPL Financial LLC raised its position in Generac by 14.8% in the 4th quarter. LPL Financial LLC now owns 97,492 shares of the technology company’s stock valued at $15,116,000 after purchasing an additional 12,548 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Truist Financial decreased their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company decreased their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Citigroup decreased their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus dropped their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Finally, UBS Group lifted their price target on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.38.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents 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 the SEC website. Company insiders own 2.90% of the company’s stock.

Generac Stock Down 1.6 %

Shares of GNRC stock opened at $134.02 on Thursday. Generac Holdings Inc. has a 12-month low of $119.11 and a 12-month high of $195.94. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average of $141.93 and a 200-day moving average of $157.88. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 1.44 and a beta of 1.50.

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

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.