Barclays PLC Trims Stake in Generac Holdings Inc. (NYSE:GNRC)

Barclays PLC lessened its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 56.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,081 shares of the technology company's stock after selling 105,112 shares during the period. Barclays PLC owned about 0.13% of Generac worth $12,416,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GNRC. Hurley Capital LLC bought a new position in shares of Generac in the fourth quarter valued at approximately $26,000. Modus Advisors LLC purchased a new stake in shares of Generac during the 4th quarter valued at $27,000. Versant Capital Management Inc raised its stake in shares of Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock worth $28,000 after purchasing an additional 145 shares during the period. Cranbrook Wealth Management LLC bought a new position in Generac during the fourth quarter valued at about $28,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Generac during the fourth quarter worth about $31,000. Institutional investors own 84.04% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Stifel Nicolaus lowered their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company decreased their price objective on Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Robert W. Baird cut their target price on shares of Generac from $172.00 to $171.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Truist Financial dropped their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Finally, UBS Group increased their target price on Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $173.40.

Insiders Place Their Bets

In other 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 transaction of $725,750.00. Following the transaction, the chief executive officer now directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.90% of the company's stock.

Generac Trading Down 0.8 %

NYSE GNRC traded down $0.91 during trading on Friday, hitting $112.90. 326,940 shares of the company's stock traded hands, compared to its average volume of 870,424. The firm has a market cap of $6.73 billion, a P/E ratio of 20.90, a PEG ratio of 1.44 and a beta of 1.58. The stock has a fifty day moving average of $125.24 and a two-hundred day moving average of $152.16. 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 $99.50 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%. As a group, sell-side analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

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.