Knights of Columbus Asset Advisors LLC Sells 4,538 Shares of Generac Holdings Inc. (NYSE:GNRC)

Knights of Columbus Asset Advisors LLC decreased its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 69.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,976 shares of the technology company's stock after selling 4,538 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Generac were worth $306,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Partners raised its position in shares of Generac by 39.0% during the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock worth $295,123,000 after acquiring an additional 533,612 shares during the last quarter. Jennison Associates LLC grew its holdings in Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock worth $104,227,000 after acquiring an additional 384,434 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Generac by 114.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company's stock valued at $88,944,000 after purchasing an additional 299,205 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Generac by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company's stock worth $86,516,000 after purchasing an additional 2,015 shares during the period. Finally, King Luther Capital Management Corp increased its holdings in Generac by 1.1% in the fourth quarter. King Luther Capital Management Corp now owns 487,402 shares of the technology company's stock worth $75,572,000 after purchasing an additional 5,105 shares in the last quarter. Institutional investors own 84.04% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have recently commented on GNRC shares. The Goldman Sachs Group reduced their price objective on shares of Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Wells Fargo & Company reduced their target price on Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus dropped their price target on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Finally, UBS Group raised their price objective on Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $174.38.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 565,825 shares of the company's stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is currently owned by insiders.

Generac Stock Down 2.0 %

Generac stock traded down $2.64 during trading hours on Thursday, hitting $131.19. The stock had a trading volume of 736,275 shares, compared to its average volume of 876,977. The stock's 50-day moving average price is $141.93 and its 200-day moving average price is $157.88. Generac Holdings Inc. has a 12-month low of $119.11 and a 12-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 has a market capitalization of $7.82 billion, a P/E ratio of 24.29, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results 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 return on equity of 18.17% and a net margin of 7.36%. Equities research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Generac 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.