IVC Wealth Advisors LLC Trims Position in Generac Holdings Inc. (NYSE:GNRC)

IVC Wealth Advisors LLC lowered its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 4.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,950 shares of the technology company’s stock after selling 100 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Generac were worth $310,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. increased its stake in shares of Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares during the period. EntryPoint Capital LLC boosted its holdings in Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after purchasing an additional 90 shares in the last quarter. Blue Trust Inc. increased its position in Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after purchasing an additional 97 shares during the period. Capital Advisors Ltd. LLC raised its stake in shares of Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after buying an additional 220 shares in the last quarter. Finally, Fairfield Financial Advisors LTD acquired a new stake in shares of Generac in the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Stock Performance

NYSE GNRC opened at $164.40 on Monday. The business’s 50-day simple moving average is $155.89 and its 200-day simple moving average is $147.20. The firm has a market capitalization of $9.96 billion, a P/E ratio of 45.29, a P/E/G ratio of 2.15 and a beta of 1.38. Generac Holdings Inc. has a 1-year low of $79.86 and a 1-year high of $176.14. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company had revenue of $998.20 million during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the business earned $1.08 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. Equities analysts predict that Generac Holdings Inc. will post 6.49 EPS for the current year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the sale, the chief executive officer now owns 562,177 shares of the company’s stock, valued at $89,346,790.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of recent analyst reports. Canaccord Genuity Group raised their target price on Generac from $177.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Northland Securities raised their price objective on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. boosted their price objective on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company increased their target price on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Finally, Robert W. Baird boosted their price target on Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $165.40.

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.