Burney Co. Sells 1,773 Shares of Generac Holdings Inc. (NYSE:GNRC)

Burney Co. reduced its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,278 shares of the technology company's stock after selling 1,773 shares during the quarter. Burney Co.'s holdings in Generac were worth $3,919,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its position in Generac by 114.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company's stock valued at $88,944,000 after purchasing an additional 299,205 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of Generac during the third quarter valued at approximately $45,722,000. International Assets Investment Management LLC raised its holdings in Generac by 25,311.7% in the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company's stock worth $42,433,000 after acquiring an additional 266,026 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in Generac by 678.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company's stock valued at $30,560,000 after acquiring an additional 167,641 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake in Generac by 29.2% during the 2nd quarter. Blair William & Co. IL now owns 457,475 shares of the technology company's stock valued at $60,487,000 after purchasing an additional 103,439 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GNRC. StockNews.com raised Generac from a "hold" rating to a "buy" rating in a report on Monday, October 28th. The Goldman Sachs Group upped their target price on shares of Generac from $148.00 to $193.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Roth Mkm raised their price target on shares of Generac from $160.00 to $175.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Robert W. Baird decreased their price objective on shares of Generac from $187.00 to $181.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Generac from $160.00 to $178.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.30.

Generac Stock Performance

NYSE GNRC traded down $0.01 on Thursday, reaching $160.13. 603,816 shares of the stock were exchanged, compared to its average volume of 678,432. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The firm has a market capitalization of $9.53 billion, a PE ratio of 33.22, a PEG ratio of 1.59 and a beta of 1.42. The company's 50-day simple moving average is $171.48 and its two-hundred day simple moving average is $160.40.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company's revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $1.64 EPS. Analysts expect that Generac Holdings Inc. will post 6.91 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In other Generac news, CFO York A. Ragen sold 29,081 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the completion of the sale, the chief financial officer now directly owns 135,613 shares of the company's stock, valued at $25,051,789.49. This trade represents a 17.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the transaction, the executive vice president now directly owns 10,738 shares in the company, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,268 shares of company stock valued at $7,577,703 over the last ninety days. 2.90% of the stock is currently owned by company insiders.

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.