Quent Capital LLC Lowers Position in Generac Holdings Inc. (NYSE:GNRC)

Quent Capital LLC lessened its stake in Generac Holdings Inc. (NYSE:GNRC) by 90.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191 shares of the technology company’s stock after selling 1,845 shares during the period. Quent Capital LLC’s holdings in Generac were worth $30,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Empirical Finance LLC raised its stake in shares of Generac by 4.1% during the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock worth $268,000 after buying an additional 66 shares during the period. Nicollet Investment Management Inc. raised its stake in shares of Generac by 1.1% during the 3rd quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock worth $1,250,000 after buying an additional 82 shares during the period. Cornerstone Wealth Management LLC raised its stake in shares of Generac by 6.3% during the 4th quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company’s stock worth $235,000 after buying an additional 90 shares during the period. Blue Trust Inc. raised its stake in shares of Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after buying an additional 97 shares during the period. Finally, Retirement Systems of Alabama raised its stake in shares of Generac by 0.8% during the 3rd quarter. Retirement Systems of Alabama now owns 13,476 shares of the technology company’s stock worth $2,141,000 after buying an additional 105 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Stifel Nicolaus reduced their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday. Wells Fargo & Company reduced their target price on Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research note on Thursday. Robert W. Baird reduced their price objective on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research note on Thursday. Citigroup reduced their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. increased 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Stock Performance

NYSE GNRC opened at $146.68 on Friday. The stock has a market cap of $8.73 billion, a PE ratio of 30.43, a P/E/G ratio of 1.44 and a beta of 1.42. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94. The stock has a fifty day simple moving average of $157.62 and a 200-day simple moving average of $160.69.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a return on equity of 16.70% and a net margin of 7.17%. Equities analysts anticipate that Generac Holdings Inc. will post 6.91 earnings per share 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.