Peregrine Capital Management LLC lowered its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 8.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,449 shares of the technology company's stock after selling 5,221 shares during the quarter. Peregrine Capital Management LLC owned 0.10% of Generac worth $9,218,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Trust N.A. raised 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 purchasing an additional 1,177 shares during the period. Nordea Investment Management AB purchased a new stake in shares of Generac in the 4th quarter valued at $5,229,000. Global Financial Private Client LLC purchased a new stake in shares of Generac in the 4th quarter valued at $614,000. Principal Financial Group Inc. raised its holdings in shares of Generac by 5.0% in the 3rd quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company's stock valued at $11,324,000 after buying an additional 3,426 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Generac by 106.1% in the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company's stock valued at $4,998,000 after buying an additional 14,811 shares during the period. Hedge funds and other institutional investors own 84.04% of the company's stock.
Analyst Ratings Changes
GNRC has been the topic of several research analyst reports. Robert W. Baird cut their price objective on Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Piper Sandler cut their price objective on Generac from $185.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. UBS Group boosted their price objective on Generac from $200.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 13th. TD Cowen boosted their price objective on Generac from $172.00 to $183.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, StockNews.com upgraded Generac from a "hold" rating to a "buy" rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Generac has an average rating of "Moderate Buy" and a consensus price target of $174.00.
Read Our Latest Report on Generac
Insider Buying and Selling at Generac
In other 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.90% of the stock is owned by company insiders.
Generac Stock Performance
GNRC traded down $0.70 on Friday, hitting $137.87. 850,408 shares of the company traded hands, compared to its average volume of 886,802. The company has a 50 day moving average of $153.28 and a 200-day moving average of $160.31. 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 $8.20 billion, a PE ratio of 25.53, a PEG ratio of 1.48 and a beta of 1.42. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94.
Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 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%. Sell-side analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.
Generac Company Profile
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Free Report)
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.
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