HBK Sorce Advisory LLC Has $297,000 Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

HBK Sorce Advisory LLC decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,915 shares of the technology company’s stock after selling 78 shares during the period. HBK Sorce Advisory LLC’s holdings in Generac were worth $297,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wintrust Investments LLC raised its holdings in shares of Generac by 55.1% in the fourth quarter. Wintrust Investments LLC now owns 428 shares of the technology company’s stock valued at $66,000 after purchasing an additional 152 shares during the last quarter. PFG Advisors purchased a new stake in shares of Generac in the fourth quarter valued at about $391,000. Wealthfront Advisers LLC purchased a new stake in shares of Generac in the fourth quarter valued at about $12,286,000. Inspire Advisors LLC purchased a new stake in shares of Generac in the fourth quarter valued at about $569,000. Finally, Miller Financial Services LLC purchased a new stake in shares of Generac in the fourth quarter valued at about $593,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

GNRC has been the subject of several analyst reports. Piper Sandler lowered their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Barclays began coverage on shares of Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target for the company. Citigroup reduced their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Truist Financial reduced their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, Robert W. Baird reduced their price target on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research 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 company has an average rating of “Moderate Buy” and a consensus target price of $174.00.

Generac Price Performance

GNRC stock opened at $130.41 on Friday. The firm has a 50 day moving average of $146.05 and a 200-day moving average of $158.79. 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 12 month low of $110.86 and a 12 month high of $195.94. The firm has a market capitalization of $7.77 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS 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%. As a group, sell-side analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Activity at Generac

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

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.