Rhumbline Advisers Sells 2,478 Shares of Generac Holdings Inc. (NYSE:GNRC)

Rhumbline Advisers lowered its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,130 shares of the technology company's stock after selling 2,478 shares during the quarter. Rhumbline Advisers owned approximately 0.17% of Generac worth $15,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Empirical Finance LLC grew its position in shares of Generac by 4.1% in the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company's stock worth $268,000 after acquiring an additional 66 shares in the last quarter. Nicollet Investment Management Inc. lifted its stake in Generac by 1.1% during the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company's stock worth $1,250,000 after purchasing an additional 82 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in Generac by 6.3% in the fourth quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company's stock worth $235,000 after purchasing an additional 90 shares during the period. Blue Trust Inc. increased its stake in Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock valued at $36,000 after purchasing an additional 97 shares during the last quarter. Finally, Retirement Systems of Alabama raised its holdings in shares of Generac by 0.8% during the third quarter. Retirement Systems of Alabama now owns 13,476 shares of the technology company's stock worth $2,141,000 after purchasing an additional 105 shares during the period. Institutional investors own 84.04% of the company's stock.

Remove Ads

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction 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 transaction, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GNRC shares. Piper Sandler dropped their price objective on shares of Generac from $185.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. TD Cowen raised their target price on Generac from $172.00 to $183.00 and gave the company a "buy" rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Generac from a "hold" rating to a "buy" rating in a research report on Monday, October 28th. Citigroup reduced their target price on shares of Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus dropped their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $174.00.

Generac Price Performance

Shares of NYSE:GNRC traded up $0.28 during trading hours on Tuesday, hitting $138.71. 572,440 shares of the company's stock traded hands, compared to its average volume of 871,482. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The company's fifty day simple moving average is $152.17 and its two-hundred day simple moving average is $160.56. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly 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%. As a group, equities analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

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.