Peloton Wealth Strategists Decreases Stake in Generac Holdings Inc. (NYSE:GNRC)

Peloton Wealth Strategists cut its holdings in Generac Holdings Inc. (NYSE:GNRC) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,435 shares of the technology company’s stock after selling 740 shares during the period. Peloton Wealth Strategists’ holdings in Generac were worth $1,618,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Modus Advisors LLC purchased a new stake in shares of Generac in the 4th quarter worth about $27,000. Versant Capital Management Inc boosted its position in shares of Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after buying an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC purchased a new stake in shares of Generac in the 4th quarter worth about $28,000. Brooklyn Investment Group purchased a new stake in shares of Generac in the 3rd quarter worth about $31,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Generac in the 4th quarter worth about $31,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Robert W. Baird decreased their price objective on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Citigroup reduced their target price on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Truist Financial reduced their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, TD Cowen upped their target price on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Generac has an average rating of “Moderate Buy” and an average target price of $174.00.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the transaction, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Generac Stock Down 1.9 %

GNRC opened at $136.45 on Friday. The firm has a 50 day moving average price of $151.80 and a 200 day moving average price of $160.41. The company has a market cap of $8.13 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. Generac Holdings Inc. has a 1 year low of $109.90 and a 1 year high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) 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%. Sell-side analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

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.