B. Riley Wealth Advisors Inc. Sells 224 Shares of Generac Holdings Inc. (NYSE:GNRC)

B. Riley Wealth Advisors Inc. lessened its stake in Generac Holdings Inc. (NYSE:GNRC) by 4.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,320 shares of the technology company’s stock after selling 224 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Generac were worth $685,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Generac by 13.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,661 shares of the technology company’s stock valued at $748,000 after buying an additional 693 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Generac by 1.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 19,752 shares of the technology company’s stock valued at $2,612,000 after purchasing an additional 275 shares during the last quarter. Raymond James & Associates boosted its position in Generac by 11.3% during the second quarter. Raymond James & Associates now owns 178,092 shares of the technology company’s stock worth $23,547,000 after purchasing an additional 18,097 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Generac by 5.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 99,149 shares of the technology company’s stock worth $13,109,000 after purchasing an additional 5,043 shares in the last quarter. Finally, Summit Global Investments bought a new stake in shares of Generac in the second quarter valued at approximately $251,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GNRC shares. Citigroup lifted their price objective on shares of Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. The Goldman Sachs Group raised their target price on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Robert W. Baird lowered their price target on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Generac has an average rating of “Moderate Buy” and a consensus price target of $175.30.

Generac Stock Performance

NYSE:GNRC opened at $157.79 on Thursday. Generac Holdings Inc. has a 1-year low of $108.89 and a 1-year high of $195.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The business has a 50 day moving average of $176.93 and a 200 day moving average of $157.71. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 2.09 and a beta of 1.39.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.64 EPS. On average, sell-side analysts predict that Generac Holdings Inc. will post 6.84 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $166.60, for a total value of $833,000.00. Following the transaction, the chief executive officer now owns 557,177 shares in the company, valued at approximately $92,825,688.20. This trade represents a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO York A. Ragen sold 29,081 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the sale, the chief financial officer now owns 135,613 shares of the company’s stock, valued at $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,268 shares of company stock valued at $7,584,853. 2.90% of the stock is currently owned by insiders.

Generac Company 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.