Patten & Patten Inc. TN Sells 2,130 Shares of Generac Holdings Inc. (NYSE:GNRC)

Patten & Patten Inc. TN lowered its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 17.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,194 shares of the technology company’s stock after selling 2,130 shares during the quarter. Patten & Patten Inc. TN’s holdings in Generac were worth $1,581,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of GNRC. Raymond James Trust N.A. lifted its holdings in shares of Generac by 52.8% in the 3rd quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock worth $541,000 after acquiring an additional 1,177 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of Generac in the 4th quarter worth about $5,229,000. Global Financial Private Client LLC bought a new stake in shares of Generac in the 4th quarter worth about $614,000. Principal Financial Group Inc. lifted its holdings in shares of Generac by 5.0% in the 3rd quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock worth $11,324,000 after acquiring an additional 3,426 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Generac by 106.1% in the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock worth $4,998,000 after acquiring an additional 14,811 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GNRC. Truist Financial lowered their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Barclays started coverage on shares of Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. The Goldman Sachs Group reduced their price target on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Citigroup reduced their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Robert W. Baird reduced their price target on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $174.00.

Generac Price Performance

GNRC stock opened at $130.41 on Monday. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The business has a 50 day simple moving average of $146.05 and a 200-day simple moving average of $158.82. Generac Holdings Inc. has a twelve month low of $110.86 and a twelve month high of $195.94. The company has a market capitalization of $7.77 billion, a P/E ratio of 24.15, a PEG ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping 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 analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

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.