Atria Wealth Solutions Inc. Decreases Holdings in Generac Holdings Inc. (NYSE:GNRC)

Atria Wealth Solutions Inc. lowered its holdings in Generac Holdings Inc. (NYSE:GNRC) by 2.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 17,140 shares of the technology company’s stock after selling 417 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Generac were worth $2,658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Modus Advisors LLC acquired a new stake in shares of Generac during the fourth quarter worth about $27,000. Cranbrook Wealth Management LLC purchased a new position in Generac during the 4th quarter worth approximately $28,000. Versant Capital Management Inc increased its position in Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after buying an additional 145 shares during the period. Brooklyn Investment Group purchased a new stake in Generac in the third quarter valued at approximately $31,000. Finally, SouthState Corp purchased a new stake in Generac in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Stock Down 0.5 %

GNRC stock opened at $137.87 on Friday. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $153.28 and its 200 day moving average price is $160.31. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The company has a market cap of $8.20 billion, a P/E ratio of 25.53, a P/E/G ratio of 1.48 and a beta of 1.42.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. On average, research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, February 3rd. The shares were 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 owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GNRC has been the topic of a number of recent research reports. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Wells Fargo & Company dropped their price objective on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group decreased their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Truist Financial lowered their price target on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Stifel Nicolaus reduced their price objective on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $174.00.

Generac 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.