Geneva Capital Management LLC Sells 2,783 Shares of Generac Holdings Inc. (NYSE:GNRC)

Geneva Capital Management LLC lowered its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 11.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,945 shares of the technology company's stock after selling 2,783 shares during the period. Geneva Capital Management LLC's holdings in Generac were worth $3,248,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Raymond James Trust N.A. grew its position in Generac by 52.8% in the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company's stock valued at $541,000 after acquiring an additional 1,177 shares during the last quarter. Nordea Investment Management AB bought a new position in Generac in the fourth quarter valued at about $5,229,000. Global Financial Private Client LLC bought a new position in Generac in the fourth quarter valued at about $614,000. Principal Financial Group Inc. grew its position in Generac by 5.0% in the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company's stock valued at $11,324,000 after acquiring an additional 3,426 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Generac by 106.1% in the third quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company's stock valued at $4,998,000 after acquiring an additional 14,811 shares during the last quarter. Institutional investors own 84.04% of the company's stock.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company'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 $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is owned by insiders.

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Analysts Set New Price Targets

A number of research analysts have issued reports on GNRC shares. The Goldman Sachs Group decreased their target price on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. UBS Group boosted their price target on Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Citigroup reduced their price target on Generac from $172.00 to $162.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Robert W. Baird reduced their price target on Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Finally, Truist Financial reduced their price target on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $174.00.

Generac Trading Up 4.6 %

GNRC traded up $5.96 during trading on Friday, hitting $136.85. The company's stock had a trading volume of 1,305,263 shares, compared to its average volume of 881,848. Generac Holdings Inc. has a twelve month low of $110.35 and a twelve month high of $195.94. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The stock's fifty day moving average price is $148.62 and its 200-day moving average price is $159.69. The firm has a market capitalization of $8.16 billion, a P/E ratio of 25.34, a PEG ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) 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%. Analysts anticipate 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.