Corient Private Wealth LLC Trims Stake in Generac Holdings Inc. (NYSE:GNRC)

Corient Private Wealth LLC trimmed its stake in Generac Holdings Inc. (NYSE:GNRC) by 15.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,621 shares of the technology company’s stock after selling 4,240 shares during the period. Corient Private Wealth LLC’s holdings in Generac were worth $3,662,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GNRC. Allworth Financial LP increased its stake in Generac by 3.0% in the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock worth $435,000 after buying an additional 80 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Generac by 42.0% in the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock worth $44,000 after buying an additional 84 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in Generac by 6.3% in the 4th quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company’s stock worth $235,000 after buying an additional 90 shares in the last quarter. Personal CFO Solutions LLC increased its stake in Generac by 5.1% in the 4th quarter. Personal CFO Solutions LLC now owns 2,097 shares of the technology company’s stock worth $325,000 after buying an additional 102 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in Generac by 0.8% in the 3rd quarter. Retirement Systems of Alabama now owns 13,476 shares of the technology company’s stock worth $2,141,000 after buying an additional 105 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GNRC. Guggenheim upgraded Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. Barclays assumed coverage on Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective for the company. UBS Group raised their price objective on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Stifel Nicolaus cut their price objective 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, The Goldman Sachs Group cut their price objective on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Stock Performance

Generac stock opened at $131.57 on Friday. The company has a 50 day moving average price of $143.39 and a 200-day moving average price of $158.05. 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 Holdings Inc. has a fifty-two week low of $115.76 and a fifty-two week high of $195.94. The company has a market capitalization of $7.84 billion, a PE ratio of 24.36, a P/E/G ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate 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, equities analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Activity

In related 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 transaction of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.90% of the company’s stock.

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.