Hedeker Wealth LLC Sells 367 Shares of Generac Holdings Inc. (NYSE:GNRC)

Hedeker Wealth LLC reduced its stake in Generac Holdings Inc. (NYSE:GNRC) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,719 shares of the technology company’s stock after selling 367 shares during the period. Generac makes up about 1.4% of Hedeker Wealth LLC’s holdings, making the stock its 24th largest holding. Hedeker Wealth LLC owned 0.06% of Generac worth $4,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. Empirical Finance LLC boosted its stake in Generac by 4.5% during the first quarter. Empirical Finance LLC now owns 1,748 shares of the technology company’s stock valued at $220,000 after buying an additional 75 shares during the period. Peregrine Asset Advisers Inc. raised its position in Generac by 1.6% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 5,600 shares of the technology company’s stock valued at $724,000 after purchasing an additional 90 shares in the last quarter. EntryPoint Capital LLC raised its position in Generac by 73.2% during the first 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. American International Group Inc. raised its position in Generac by 0.6% during the fourth quarter. American International Group Inc. now owns 16,550 shares of the technology company’s stock valued at $2,139,000 after purchasing an additional 93 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in Generac by 2.2% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,427 shares of the technology company’s stock valued at $558,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial raised their price target on Generac from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. TD Cowen raised their price target on Generac from $144.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. lifted their price objective on Generac from $149.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Piper Sandler lifted their price objective on Generac from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Finally, Scotiabank lifted their price objective on Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $154.71.

Insider Buying and Selling at Generac

In other Generac news, insider Patrick John Forsythe sold 65,855 shares of Generac stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total transaction of $9,601,659.00. Following the sale, the insider now directly owns 19,815 shares of the company’s stock, valued at approximately $2,889,027. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $133.39, for a total value of $666,950.00. Following the sale, the chief executive officer now directly owns 577,177 shares of the company’s stock, valued at approximately $76,989,640.03. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Patrick John Forsythe sold 65,855 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of the sale, the insider now directly owns 19,815 shares in the company, valued at $2,889,027. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,239 shares of company stock valued at $10,943,920. 2.80% of the stock is currently owned by corporate insiders.

Generac Stock Up 1.1 %

Generac stock traded up $1.58 during trading hours on Friday, hitting $150.62. 914,144 shares of the stock traded hands, compared to its average volume of 1,001,476. The firm’s 50-day moving average price is $144.71 and its two-hundred day moving average price is $134.27. The company has a current ratio of 2.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. The company has a market cap of $9.13 billion, a PE ratio of 41.49, a PEG ratio of 1.93 and a beta of 1.37. Generac Holdings Inc. has a one year low of $79.86 and a one year high of $169.57.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.15. The business had revenue of $998.20 million for the quarter, compared to analysts’ expectations of $1 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. The business’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 EPS. On average, research analysts forecast that Generac Holdings Inc. will post 6.3 EPS for the current year.

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.