CENTRAL TRUST Co Sells 1,192 Shares of Generac Holdings Inc. (NYSE:GNRC)

CENTRAL TRUST Co decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRCGet Rating) by 20.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,559 shares of the technology company’s stock after selling 1,192 shares during the period. CENTRAL TRUST Co’s holdings in Generac were worth $1,605,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GNRC. Lindbrook Capital LLC grew its stake in Generac by 2,700.0% in the third quarter. Lindbrook Capital LLC now owns 84 shares of the technology company’s stock worth $34,000 after purchasing an additional 81 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in Generac in the fourth quarter worth approximately $33,000. Amplius Wealth Advisors LLC bought a new position in Generac in the fourth quarter worth approximately $47,000. Blue Bell Private Wealth Management LLC bought a new position in Generac in the fourth quarter worth approximately $50,000. Finally, Resources Management Corp CT ADV bought a new position in Generac in the fourth quarter worth approximately $51,000. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on GNRC. Oppenheimer dropped their price objective on Generac from $540.00 to $450.00 and set an “outperform” rating on the stock in a research note on Thursday, February 17th. UBS Group dropped their target price on Generac from $575.00 to $556.00 and set a “buy” rating on the stock in a research report on Thursday, February 17th. Citigroup increased their target price on Generac from $375.00 to $380.00 and gave the company a “buy” rating in a research report on Thursday, February 17th. Stifel Nicolaus dropped their target price on Generac from $500.00 to $415.00 and set a “hold” rating on the stock in a research report on Tuesday, February 22nd. Finally, StockNews.com assumed coverage on Generac in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $451.45.

GNRC stock traded down $13.94 during midday trading on Friday, reaching $219.38. The stock had a trading volume of 819,327 shares, compared to its average volume of 912,158. The stock has a market cap of $13.99 billion, a PE ratio of 26.40, a P/E/G ratio of 2.01 and a beta of 1.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.60. The firm has a fifty day simple moving average of $289.35 and a two-hundred day simple moving average of $341.16. Generac Holdings Inc. has a 52-week low of $218.93 and a 52-week high of $524.31.

Generac (NYSE:GNRCGet Rating) last issued its earnings results on Wednesday, February 16th. The technology company reported $2.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.38 by $0.13. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.02 billion. Generac had a return on equity of 34.50% and a net margin of 14.73%. The firm’s quarterly revenue was up 40.2% on a year-over-year basis. During the same quarter last year, the business posted $2.12 EPS. On average, sell-side analysts predict that Generac Holdings Inc. will post 11.46 EPS for the current fiscal year.

In other Generac news, CMO Russell S. Minick sold 11,389 shares of the stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $318.01, for a total transaction of $3,621,815.89. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Aaron Jagdfeld sold 34,894 shares of the stock in a transaction dated Tuesday, February 1st. The stock was sold at an average price of $282.46, for a total value of $9,856,159.24. The disclosure for this sale can be found here. Insiders sold a total of 56,283 shares of company stock valued at $16,544,125 in the last 90 days. 2.80% of the stock is currently owned by company insiders.

About Generac (Get Rating)

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, batteries, electronic controls, steel enclosures, and other components.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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