Connor Clark & Lunn Investment Management Ltd. Sells 17,662 Shares of Generac Holdings Inc. (NYSE:GNRC)

Connor Clark & Lunn Investment Management Ltd. reduced its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 85.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,108 shares of the technology company's stock after selling 17,662 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Generac were worth $482,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Allworth Financial LP boosted its position 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 purchasing an additional 80 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of Generac by 42.0% during the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after acquiring an additional 84 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of Generac by 6.3% during the fourth quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company's stock worth $235,000 after acquiring an additional 90 shares during the last quarter. Personal CFO Solutions LLC grew its position in shares of Generac by 5.1% during the fourth quarter. Personal CFO Solutions LLC now owns 2,097 shares of the technology company's stock worth $325,000 after acquiring an additional 102 shares during the last quarter. Finally, Retirement Systems of Alabama increased its holdings in shares of Generac by 0.8% in the 3rd quarter. Retirement Systems of Alabama now owns 13,476 shares of the technology company's stock worth $2,141,000 after acquiring an additional 105 shares during the period. 84.04% of the stock is currently owned by institutional investors.

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Generac Stock Down 1.6 %

NYSE GNRC traded down $2.15 during trading on Wednesday, reaching $134.02. 900,823 shares of the company's stock were exchanged, compared to its average volume of 877,242. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a fifty-two week low of $117.16 and a fifty-two week high of $195.94. The company's fifty day simple moving average is $142.45 and its 200-day simple moving average is $158.05. The firm has a market capitalization of $7.99 billion, a PE ratio of 24.82, a P/E/G ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly 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 net margin of 7.36% and a return on equity of 18.17%. Sell-side analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GNRC shares. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Wells Fargo & Company cut 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. Bank of America began coverage on shares of Generac in a research note on Monday. They set a "buy" rating and a $182.00 target price on the stock. Truist Financial decreased their price objective on shares of Generac from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Finally, Stifel Nicolaus dropped their target price on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $174.38.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares of the company's stock, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.90% of the stock is currently owned by company insiders.

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.