Sumitomo Mitsui Trust Group Inc. Sells 2,028 Shares of Generac Holdings Inc. (NYSE:GNRC)

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 41.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,834 shares of the technology company's stock after selling 2,028 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in Generac were worth $439,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Jennison Associates LLC raised its stake in Generac by 133.6% during the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock worth $104,227,000 after buying an additional 384,434 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Generac by 114.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company's stock worth $88,944,000 after acquiring an additional 299,205 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in shares of Generac by 5.6% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company's stock valued at $61,262,000 after purchasing an additional 20,576 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Generac by 25,311.7% in the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company's stock valued at $42,433,000 after purchasing an additional 266,026 shares during the period. Finally, Stephens Investment Management Group LLC boosted its position in shares of Generac by 678.5% during the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company's stock valued at $30,560,000 after purchasing an additional 167,641 shares in the last quarter. Institutional investors own 84.04% of the company's stock.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction that occurred on 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 owns 565,825 shares in the company, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is owned by company insiders.

Generac Stock Performance

Shares of Generac stock traded down $1.62 during mid-day trading on Wednesday, hitting $142.26. 751,702 shares of the stock were exchanged, compared to its average volume of 872,990. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The company has a 50-day simple moving average of $155.71 and a 200 day simple moving average of $160.61. The company has a market capitalization of $8.46 billion, a P/E ratio of 26.34, a P/E/G ratio of 1.52 and a beta of 1.42. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS 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%. Sell-side analysts anticipate that Generac Holdings Inc. will post 8.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GNRC. Barclays initiated coverage on Generac in a research note on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 price target on the stock. TD Cowen raised their price target on shares of Generac from $172.00 to $183.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Robert W. Baird dropped their price objective on shares of Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. UBS Group raised their target price on Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group dropped their price target on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $174.00.

About Generac

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.