Polen Capital Management LLC Reduces Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Polen Capital Management LLC trimmed its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 23.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,416 shares of the technology company's stock after selling 13,486 shares during the quarter. Polen Capital Management LLC owned about 0.07% of Generac worth $6,887,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Raymond James Trust N.A. boosted its holdings in shares of 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 period. Nordea Investment Management AB acquired a new stake in shares of Generac in the fourth quarter valued at approximately $5,229,000. Global Financial Private Client LLC acquired a new stake in shares of Generac in the fourth quarter valued at approximately $614,000. Franklin Resources Inc. boosted its holdings in shares of 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 period. Finally, Principal Financial Group Inc. boosted its holdings in shares of 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 period. 84.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. The Goldman Sachs Group cut their price target on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus cut their price target on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Citigroup cut their price target on Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Barclays assumed coverage on Generac in a research note on Wednesday, December 4th. They set an "equal weight" rating and a $189.00 price target for the company. Finally, UBS Group upped their price target on Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Generac presently has a consensus rating of "Moderate Buy" and an average target price of $174.00.

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Generac Price Performance

Shares of GNRC traded down $0.32 during trading hours on Thursday, reaching $133.35. 514,138 shares of the company traded hands, compared to its average volume of 880,727. 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 $7.95 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a fifty-two week low of $112.81 and a fifty-two week high of $195.94. The stock has a fifty day simple moving average of $144.42 and a 200 day simple moving average of $158.32.

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 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%. As a group, research analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.90% of the stock is owned by corporate insiders.

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.