Moran Wealth Management LLC Has $2.66 Million Stock Holdings in Generac Holdings Inc. $GNRC

Moran Wealth Management LLC trimmed its holdings in Generac Holdings Inc. (NYSE:GNRC) by 40.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,903 shares of the technology company’s stock after selling 10,855 shares during the period. Moran Wealth Management LLC’s holdings in Generac were worth $2,662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its holdings in Generac by 81.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after purchasing an additional 77 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Generac in the second quarter worth about $25,000. Creative Capital Management Investments LLC boosted its stake in shares of Generac by 740.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. Legend Financial Advisors Inc. bought a new stake in shares of Generac during the 2nd quarter worth about $36,000. Finally, Red Tortoise LLC acquired a new position in shares of Generac during the 3rd quarter valued at about $42,000. Institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GNRC shares. Zacks Research upgraded Generac from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Wall Street Zen cut shares of Generac from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. Citigroup upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $207.00 price objective for the company in a research note on Thursday. Wells Fargo & Company set a $195.00 price objective on shares of Generac in a report on Friday, December 19th. Finally, Guggenheim dropped their target price on shares of Generac from $210.00 to $202.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $198.44.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total transaction of $832,150.00. Following the sale, the chief executive officer owned 542,966 shares of the company’s stock, valued at approximately $90,365,831.38. This trade represents a 0.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Generac Stock Performance

NYSE GNRC opened at $152.87 on Friday. The company’s fifty day moving average is $150.07 and its two-hundred day moving average is $165.88. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.18 and a quick ratio of 1.02. The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 1.21 and a beta of 1.82.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.42). Generac had a net margin of 6.92% and a return on equity of 17.63%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business posted $2.25 EPS. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. Equities research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Generac Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.