Sei Investments Co. Decreases Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Sei Investments Co. trimmed its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,616 shares of the technology company's stock after selling 5,180 shares during the quarter. Sei Investments Co. owned 0.08% of Generac worth $7,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of GNRC. Boston Partners raised its holdings 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 purchasing an additional 533,612 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock valued at $104,227,000 after buying an additional 384,434 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Generac by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company's stock valued at $86,516,000 after buying an additional 2,015 shares during the period. King Luther Capital Management Corp lifted its holdings in shares of Generac by 1.1% in the 4th quarter. King Luther Capital Management Corp now owns 487,402 shares of the technology company's stock valued at $75,572,000 after buying an additional 5,105 shares during the period. Finally, Disciplined Growth Investors Inc. MN boosted its stake in shares of Generac by 5.6% in the third quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company's stock worth $61,262,000 after buying an additional 20,576 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

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Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on GNRC. Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. Barclays assumed coverage on Generac in a research note on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 price target for the company. Bank of America assumed coverage on Generac in a report on Monday, March 24th. They issued a "buy" rating and a $182.00 price objective on the stock. Citigroup reduced their target price on Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Finally, UBS Group lifted their price target on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Generac presently has a consensus rating of "Moderate Buy" and an average target price of $174.38.

Generac Trading Up 0.7 %

Shares of NYSE:GNRC traded up $0.94 during midday trading on Wednesday, reaching $127.27. 429,838 shares of the company's stock were exchanged, compared to its average volume of 838,471. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 23.57, a P/E/G ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a fifty-two week low of $122.86 and a fifty-two week high of $195.94. The firm's 50 day simple moving average is $139.23 and its two-hundred day simple moving average is $157.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. As a group, sell-side analysts forecast 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.