Sigma Planning Corp Sells 4,105 Shares of Generac Holdings Inc. $GNRC

Sigma Planning Corp trimmed its position in Generac Holdings Inc. (NYSE:GNRC) by 64.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,277 shares of the technology company’s stock after selling 4,105 shares during the period. Sigma Planning Corp’s holdings in Generac were worth $471,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GNRC. Orange Investment Advisors Inc. boosted its holdings in shares of Generac by 3.2% during the 3rd quarter. Orange Investment Advisors Inc. now owns 8,393 shares of the technology company’s stock valued at $1,737,000 after buying an additional 259 shares in the last quarter. Signaturefd LLC grew its position in shares of Generac by 13.5% in the 3rd quarter. Signaturefd LLC now owns 875 shares of the technology company’s stock worth $181,000 after buying an additional 104 shares during the period. Citizens Financial Group Inc. RI increased its stake in shares of Generac by 128.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,575 shares of the technology company’s stock worth $326,000 after acquiring an additional 886 shares in the last quarter. Simplicity Wealth LLC increased its stake in shares of Generac by 77.9% in the 3rd quarter. Simplicity Wealth LLC now owns 4,742 shares of the technology company’s stock worth $981,000 after acquiring an additional 2,077 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its stake in shares of Generac by 238.1% in the 3rd quarter. Evergreen Capital Management LLC now owns 42,313 shares of the technology company’s stock worth $8,757,000 after acquiring an additional 29,797 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of recent research reports. Jefferies Financial Group reissued a “buy” rating on shares of Generac in a research report on Thursday. Canaccord Genuity Group upped their price objective on shares of Generac from $275.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, September 17th. Wall Street Zen downgraded shares of Generac from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 25th. TD Cowen raised shares of Generac to a “strong-buy” rating in a research note on Monday, October 5th. Finally, Zacks Research lowered shares of Generac from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $290.41.

Generac Trading Down 2.8%

Generac stock opened at $197.70 on Friday. Generac Holdings Inc. has a 12 month low of $134.80 and a 12 month high of $296.44. The company has a market capitalization of $11.67 billion, a price-to-earnings ratio of 39.15, a price-to-earnings-growth ratio of 1.69 and a beta of 1.91. The business’s fifty day simple moving average is $199.18 and its two-hundred day simple moving average is $217.49. The company has a current ratio of 1.97, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, October 28th. The technology company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.14. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.32 billion. Generac had a return on equity of 18.78% and a net margin of 6.52%. The company’s revenue was up 16.2% on a year-over-year basis. During the same period last year, the company earned $1.83 earnings per share. As a group, equities analysts predict that Generac Holdings Inc. will post 9.80 earnings per share for the current fiscal year.

Insider Activity at Generac

In other Generac news, insider Norman Taffe sold 150 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $220.00, for a total transaction of $33,000.00. Following the completion of the sale, the insider directly owned 10,976 shares in the company, valued at approximately $2,414,720. This trade represents a 1.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $206.00, for a total transaction of $1,030,000.00. Following the sale, the chief executive officer owned 544,528 shares of the company’s stock, valued at approximately $112,172,768. This represents a 0.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 18,442 shares of company stock valued at $3,656,537. 2.40% of the stock is owned by insiders.

Generac Company Profile

Generac Holdings Inc is a technology and energy solutions company that designs and manufactures power generation equipment and other energy-related products. Its offerings include standby and portable generators, commercial and industrial power systems, energy storage solutions, and products that help customers manage and monitor energy use.

The company serves residential, commercial, industrial, and utility customers. Its products are used for backup power, prime power, and distributed energy applications across homes, businesses, data centers, healthcare facilities, construction sites, and other critical operations.