Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Amundi

Amundi lowered its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 63.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,115 shares of the technology company's stock after selling 169,750 shares during the period. Amundi owned 0.16% of Generac worth $15,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GNRC. Empirical Finance LLC lifted its stake in Generac by 4.1% in the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company's stock worth $268,000 after purchasing an additional 66 shares in the last quarter. Allworth Financial LP grew its holdings in Generac by 3.0% during the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock valued at $435,000 after buying an additional 80 shares in the last quarter. Nicollet Investment Management Inc. increased its stake in Generac by 1.1% in the 3rd quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company's stock worth $1,250,000 after acquiring an additional 82 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Generac by 42.0% during the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock worth $44,000 after acquiring an additional 84 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its holdings in shares of Generac by 6.3% in the fourth quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company's stock valued at $235,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 84.04% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have commented on GNRC. Barclays started coverage on shares of Generac in a research note on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 price objective for the company. Piper Sandler reduced their price objective on Generac from $185.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Truist Financial lowered 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, January 16th. Citigroup cut their target price on Generac from $172.00 to $162.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group lowered their price target on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Generac currently has a consensus rating of "Moderate Buy" and an average price target of $174.00.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total value of $787,500.00. Following the sale, the chief executive officer now owns 570,825 shares in the company, valued at approximately $89,904,937.50. This represents a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.90% of the stock is currently owned by insiders.

Generac Stock Down 0.5 %

NYSE:GNRC traded down $0.63 during mid-day trading on Tuesday, hitting $131.85. 676,339 shares of the company's stock traded hands, compared to its average volume of 881,043. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The company has a market capitalization of $7.86 billion, a P/E ratio of 24.42, a P/E/G ratio of 1.44 and a beta of 1.50. The company has a fifty day moving average of $145.50 and a 200 day moving average of $158.67. Generac Holdings Inc. has a twelve month low of $110.86 and a twelve month high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. On average, analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

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.