Hilltop National Bank Sells 237 Shares of Generac Holdings Inc. (NYSE:GNRC)

Hilltop National Bank cut its stake in Generac Holdings Inc. (NYSE:GNRC) by 29.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 576 shares of the technology company’s stock after selling 237 shares during the period. Hilltop National Bank’s holdings in Generac were worth $89,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of GNRC. Diversified Trust Co bought a new stake in shares of Generac during the fourth quarter worth approximately $322,000. Nordea Investment Management AB bought a new stake in shares of Generac during the fourth quarter worth approximately $5,229,000. Modus Advisors LLC bought a new stake in shares of Generac during the fourth quarter worth approximately $27,000. GAMMA Investing LLC raised its stake in shares of Generac by 28.5% during the fourth quarter. GAMMA Investing LLC now owns 1,733 shares of the technology company’s stock worth $269,000 after buying an additional 384 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of 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 last quarter. 84.04% of the stock is owned by institutional investors.

Generac Stock Performance

Shares of GNRC opened at $157.44 on Friday. The firm has a 50-day moving average of $173.34 and a 200-day moving average of $159.56. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The company has a market cap of $9.37 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 2.04 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the firm posted $1.64 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities analysts forecast that Generac Holdings Inc. will post 6.84 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup dropped their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday. TD Cowen upped their target price on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Robert W. Baird lowered their target price on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Truist Financial upped their target price on shares of Generac from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Roth Mkm upped their target price on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Generac has an average rating of “Moderate Buy” and an average price target of $174.80.

Insider Activity

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the sale, the executive vice president now owns 10,738 shares in the company, valued at approximately $1,971,282.04. This trade represents a 22.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the sale, the chief executive officer now owns 557,177 shares of the company’s stock, valued at approximately $92,825,688.20. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock valued at $7,577,703 in the last quarter. Company insiders own 2.90% of the company’s stock.

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.