Captrust Financial Advisors Lowers Holdings in Generac Holdings Inc. (NYSE:GNRC)

Captrust Financial Advisors decreased its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 8.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,094 shares of the technology company’s stock after selling 2,460 shares during the quarter. Captrust Financial Advisors’ holdings in Generac were worth $4,146,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Raymond James Trust N.A. raised its stake in shares of Generac by 52.8% in the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock worth $541,000 after purchasing an additional 1,177 shares during the last quarter. Willis Investment Counsel raised its stake in shares of Generac by 18.7% in the third quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock worth $16,684,000 after purchasing an additional 16,541 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Generac by 85.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock worth $928,000 after purchasing an additional 3,244 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Generac by 5.0% in the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock worth $11,324,000 after purchasing an additional 3,426 shares during the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV purchased a new position in shares of Generac in the third quarter worth $3,742,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

NYSE GNRC opened at $186.89 on Wednesday. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 38.77, a price-to-earnings-growth ratio of 2.30 and a beta of 1.39. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $174.46 and a 200-day moving average price of $156.03. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94.

Generac (NYSE:GNRC) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.64 earnings per share. As a group, equities research analysts predict that Generac Holdings Inc. will post 6.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Roth Mkm boosted their price target on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group boosted their price target on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. TD Cowen lifted their price objective on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Robert W. Baird cut their price objective on Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, StockNews.com raised Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.58.

Insider Transactions at Generac

In related news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the sale, the executive vice president now directly owns 10,738 shares in the company, valued at approximately $1,971,282.04. The trade was a 22.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO York A. Ragen sold 29,081 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the sale, the chief financial officer now owns 135,613 shares in the company, 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. Insiders sold a total of 42,268 shares of company stock valued at $7,584,853 over the last 90 days. Company insiders own 2.90% of the company’s stock.

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.