Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc cut its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 843,412 shares of the technology company's stock after selling 92,730 shares during the quarter. Impax Asset Management Group plc owned about 1.42% of Generac worth $129,891,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock worth $36,000 after purchasing an additional 97 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Generac by 25,311.7% during the third 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. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Generac by 66.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,424 shares of the technology company's stock valued at $685,000 after purchasing an additional 1,762 shares during the last quarter. State of Alaska Department of Revenue grew its position in Generac by 1.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 27,986 shares of the technology company's stock worth $4,445,000 after purchasing an additional 320 shares during the last quarter. Finally, Custom Index Systems LLC acquired a new position in Generac during the 3rd quarter valued at approximately $428,000. 84.04% of the stock is owned by institutional investors.

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Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the sale, the chief executive officer now directly owns 570,825 shares in the company, valued at approximately $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is currently owned by corporate insiders.

Generac Price Performance

Shares of GNRC stock traded down $2.69 during trading hours on Thursday, hitting $136.45. 790,141 shares of the company's stock were exchanged, compared to its average volume of 859,234. The firm has a 50 day moving average of $151.80 and a two-hundred day moving average of $160.41. Generac Holdings Inc. has a fifty-two week low of $109.90 and a fifty-two week high of $195.94. The firm has a market cap of $8.13 billion, a P/E ratio of 25.27, a P/E/G ratio of 1.44 and a beta of 1.42. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates 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 forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Ratings Changes

GNRC has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Citigroup lowered their price target on Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Truist Financial cut their price objective on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus decreased their target price on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, TD Cowen increased their price target on shares of Generac from $172.00 to $183.00 and gave the stock a "buy" rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.