Nordea Investment Management AB Takes $5.23 Million Position in Generac Holdings Inc. (NYSE:GNRC)

Nordea Investment Management AB bought a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 33,705 shares of the technology company's stock, valued at approximately $5,229,000. Nordea Investment Management AB owned approximately 0.06% of Generac at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Empirical Finance LLC raised its holdings in shares of Generac by 4.1% during the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company's stock valued at $268,000 after buying an additional 66 shares in the last quarter. Johnson Investment Counsel Inc. lifted its holdings in shares of Generac by 0.3% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company's stock worth $2,981,000 after acquiring an additional 75 shares during the last quarter. Nicollet Investment Management Inc. lifted its holdings in shares of Generac by 1.1% in the 3rd quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company's stock worth $1,250,000 after acquiring an additional 82 shares during the last quarter. Mather Group LLC. grew its holdings in shares of Generac by 6.5% during the 3rd quarter. Mather Group LLC. now owns 1,528 shares of the technology company's stock valued at $243,000 after purchasing an additional 93 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock worth $36,000 after purchasing an additional 97 shares during the period. 84.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the sale, the chief executive officer now directly owns 570,825 shares of the company's stock, valued at approximately $89,904,937.50. This represents a 0.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO York A. Ragen sold 29,081 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the sale, the chief financial officer now owns 135,613 shares of the company's stock, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,268 shares of company stock valued at $7,577,703. Corporate insiders own 2.90% of the company's stock.

Generac Stock Down 0.7 %

GNRC stock traded down $1.18 during midday trading on Friday, hitting $157.44. The stock had a trading volume of 822,922 shares, compared to its average volume of 688,953. The business has a 50-day moving average of $173.11 and a two-hundred day moving average of $159.69. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 2.04 and a beta of 1.42. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm earned $1.64 EPS. The company's revenue was up 9.6% compared to the same quarter last year. As a group, equities research analysts forecast that Generac Holdings Inc. will post 6.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on GNRC. Robert W. Baird cut their price target on shares of Generac from $187.00 to $181.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. Piper Sandler increased their target price on Generac from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Citigroup reduced their price target on Generac from $172.00 to $162.00 and set a "neutral" rating on the stock in a research report on Wednesday. Truist Financial increased their price objective on Generac from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus lifted their target price on shares of Generac from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $174.80.

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.