Venture Visionary Partners LLC Has $377,000 Holdings in Generac Holdings Inc. $GNRC

Venture Visionary Partners LLC trimmed its holdings in Generac Holdings Inc. (NYSE:GNRC) by 74.9% in the third quarter, Holdings Channel reports. The fund owned 2,253 shares of the technology company’s stock after selling 6,715 shares during the period. Venture Visionary Partners LLC’s holdings in Generac were worth $377,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Generac by 81.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in Generac during the 2nd quarter worth approximately $25,000. Creative Capital Management Investments LLC lifted its stake in Generac by 740.7% in the second quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. Legend Financial Advisors Inc. bought a new position in Generac in the second quarter valued at approximately $36,000. Finally, AdvisorShares Investments LLC acquired a new position in shares of Generac in the second quarter valued at approximately $44,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

GNRC has been the topic of a number of research analyst reports. Guggenheim dropped their price objective on shares of Generac from $210.00 to $202.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. Wall Street Zen downgraded Generac from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. Barclays upped their price objective on Generac from $188.00 to $197.00 and gave the stock an “equal weight” rating in a research report on Friday, October 31st. Zacks Research raised Generac from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Finally, UBS Group reduced their price target on Generac from $220.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $191.28.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $166.43, for a total transaction of $832,150.00. Following the sale, the chief executive officer directly owned 542,966 shares of the company’s stock, valued at approximately $90,365,831.38. This represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.70% of the company’s stock.

Generac Stock Performance

GNRC opened at $145.19 on Thursday. The business’s 50-day simple moving average is $164.42 and its 200 day simple moving average is $164.45. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.02 and a current ratio of 2.18. The firm has a market capitalization of $8.52 billion, a PE ratio of 27.66, a PEG ratio of 1.54 and a beta of 1.82.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.42). Generac had a return on equity of 17.63% and a net margin of 6.92%.The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm earned $2.25 EPS. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. As a group, sell-side analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

About Generac

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.