Bridges Investment Management Inc. cut its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 64.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,412 shares of the technology company's stock after selling 54,254 shares during the quarter. Bridges Investment Management Inc. owned about 0.05% of Generac worth $4,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of the company. Modus Advisors LLC bought a new position in shares of Generac in the fourth quarter worth approximately $27,000. Cranbrook Wealth Management LLC purchased a new position in Generac in the 4th quarter worth approximately $28,000. Versant Capital Management Inc increased its holdings in shares of Generac by 391.9% in the 4th 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. Brooklyn Investment Group purchased a new stake in shares of Generac during the 3rd quarter valued at $31,000. Finally, SouthState Corp bought a new stake in shares of Generac during the 3rd quarter worth $32,000. 84.04% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Wells Fargo & Company reduced their target price on Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. UBS Group raised their price objective on Generac from $200.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Truist Financial cut 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, January 16th. Robert W. Baird decreased their price target on shares of Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Finally, Barclays assumed 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, Generac has an average rating of "Moderate Buy" and a consensus price target of $174.00.
Read Our Latest Stock Analysis on GNRC
Generac Stock Up 1.9 %
Shares of GNRC traded up $2.39 during mid-day trading on Wednesday, reaching $130.11. The company had a trading volume of 872,302 shares, compared to its average volume of 878,480. 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 $7.76 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The firm has a 50-day moving average price of $149.99 and a 200 day moving average price of $160.12. Generac Holdings Inc. has a 52 week low of $109.90 and a 52 week high of $195.94.
Generac (NYSE:GNRC - Get Free Report) last released its earnings results 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 return on equity of 18.17% and a net margin of 7.36%. On average, sell-side analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.
Insider Activity at Generac
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.90% of the stock is currently owned by insiders.
Generac Profile
(
Free Report)
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.
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