Greenwood Capital Associates LLC Lowers Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Greenwood Capital Associates LLC lowered its stake in Generac Holdings Inc. (NYSE:GNRC) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,285 shares of the technology company’s stock after selling 193 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Generac were worth $664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GNRC. Raymond James Trust N.A. lifted its position in Generac by 52.8% in the 3rd quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock valued at $541,000 after acquiring an additional 1,177 shares in the last quarter. Willis Investment Counsel lifted its holdings in shares of Generac by 18.7% during the third quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock valued at $16,684,000 after purchasing an additional 16,541 shares in the last quarter. Nordea Investment Management AB bought a new position in shares of Generac during the fourth quarter valued at $5,229,000. Global Financial Private Client LLC purchased a new stake in shares of Generac during the fourth quarter valued at $614,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Generac by 85.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock worth $928,000 after buying an additional 3,244 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the sale, the chief executive officer now owns 570,825 shares in the company, valued at approximately $89,904,937.50. This trade represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is currently owned by company insiders.

Generac Stock Down 1.6 %

Shares of GNRC stock opened at $142.30 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The company’s fifty day moving average price is $162.81 and its 200-day moving average price is $161.23. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 1.51 and a beta of 1.42.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GNRC. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Roth Mkm lifted their target price on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Robert W. Baird decreased their target price on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. The Goldman Sachs Group lifted their price objective on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Truist Financial lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.30.

About Generac

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.