Daiwa Securities Group Inc. Sells 2,580 Shares of Generac Holdings Inc. (NYSE:GNRC)

Daiwa Securities Group Inc. decreased its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 36.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,595 shares of the technology company's stock after selling 2,580 shares during the period. Daiwa Securities Group Inc.'s holdings in Generac were worth $712,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Empirical Finance LLC grew its stake in shares of Generac by 4.1% in the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company's stock valued at $268,000 after purchasing an additional 66 shares during the period. Allworth Financial LP grew its stake in shares of Generac by 3.0% in the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock valued at $435,000 after purchasing an additional 80 shares during the period. Nicollet Investment Management Inc. grew its stake in shares of Generac by 1.1% in the 3rd quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company's stock valued at $1,250,000 after purchasing an additional 82 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Generac by 42.0% in the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after purchasing an additional 84 shares during the period. Finally, Cornerstone Wealth Management LLC grew its stake in shares of Generac by 6.3% in the 4th 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 during the period. Institutional investors and hedge funds own 84.04% of the company's stock.

Remove Ads

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the transaction, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.90% of the stock is owned by corporate insiders.

Generac Stock Up 1.5 %

GNRC stock traded up $1.93 during trading hours on Wednesday, reaching $133.82. 626,060 shares of the stock were exchanged, compared to its average volume of 881,057. The firm's 50-day moving average is $144.92 and its 200-day moving average is $158.49. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 1.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. Generac Holdings Inc. has a 12 month low of $110.86 and a 12 month high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating 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, equities research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Upgrades and Downgrades

GNRC has been the topic of several analyst reports. Barclays initiated coverage on Generac in a research note on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 price objective on the stock. UBS Group increased their price target on Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company decreased their price target on Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Guggenheim upgraded Generac from a "sell" rating to a "neutral" rating in a research report on Monday. Finally, Robert W. Baird decreased their price target on Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $174.00.

Generac Company 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.