Crossmark Global Holdings Inc. Cuts Stake in Generac Holdings Inc. (NYSE:GNRC)

Crossmark Global Holdings Inc. cut its stake in Generac Holdings Inc. (NYSE:GNRC) by 8.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,117 shares of the technology company’s stock after selling 184 shares during the period. Crossmark Global Holdings Inc.’s holdings in Generac were worth $336,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC boosted its holdings in shares of Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Capital Advisors Ltd. LLC grew its position in Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after acquiring an additional 220 shares during the period. Blue Trust Inc. increased its stake in Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after acquiring an additional 97 shares during the last quarter. Finally, Fairfield Financial Advisors LTD purchased a new position in shares of Generac in the 2nd quarter worth about $38,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO York A. Ragen sold 29,081 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the completion of the transaction, the chief financial officer now directly owns 135,613 shares of the company’s stock, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the sale, the chief executive officer now owns 562,177 shares in the company, valued at $89,346,790.61. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,268 shares of company stock valued at $7,584,853. Company insiders own 2.90% of the company’s stock.

Generac Stock Down 2.4 %

NYSE:GNRC opened at $181.82 on Monday. The stock has a 50-day simple moving average of $164.01 and a 200 day simple moving average of $151.79. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The company has a market capitalization of $10.82 billion, a price-to-earnings ratio of 37.72, a price-to-earnings-growth ratio of 2.23 and a beta of 1.37. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $1.64 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. Sell-side analysts predict that Generac Holdings Inc. will post 6.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of research reports. Citigroup increased their target price on shares of Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their target price on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Canaccord Genuity Group upped their price target 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. Truist Financial raised their price objective on Generac from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.21.

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.