Generac Holdings Inc. (NYSE:GNRC) Position Cut by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 75.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,862 shares of the technology company's stock after selling 14,890 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in Generac were worth $772,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of GNRC. Apollon Wealth Management LLC purchased a new position in Generac in the third quarter worth approximately $202,000. Versor Investments LP acquired a new position in shares of Generac during the third quarter worth $1,823,000. Delta Financial Advisors LLC raised its stake in Generac by 24.5% in the third quarter. Delta Financial Advisors LLC now owns 5,909 shares of the technology company's stock valued at $939,000 after buying an additional 1,163 shares in the last quarter. Kampmann Melissa S. lifted its holdings in Generac by 19.0% during the 3rd quarter. Kampmann Melissa S. now owns 16,865 shares of the technology company's stock worth $2,680,000 after buying an additional 2,695 shares during the last quarter. Finally, Sigma Planning Corp purchased a new position in shares of Generac in the 3rd quarter valued at about $207,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Trading Up 0.1 %

Generac stock traded up $0.25 during trading on Wednesday, reaching $180.19. The company had a trading volume of 462,832 shares, compared to its average volume of 952,382. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The firm has a market capitalization of $10.72 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 2.23 and a beta of 1.37. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. The stock's 50 day moving average price is $165.55 and its two-hundred day moving average price is $152.66.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm earned $1.64 earnings per share. Generac's revenue for the quarter was up 9.6% on a year-over-year basis. As a group, equities analysts expect that Generac Holdings Inc. will post 6.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the sale, the chief executive officer now directly owns 562,177 shares in the company, valued at approximately $89,346,790.61. The trade was a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO York A. Ragen sold 29,081 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the sale, the chief financial officer now directly owns 135,613 shares in the company, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,268 shares of company stock valued at $7,584,853. Corporate insiders own 2.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GNRC. Stifel Nicolaus upped their price objective on shares of Generac from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday. TD Cowen raised their price objective on shares of Generac from $172.00 to $183.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Northland Securities increased their target price on Generac from $160.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. The Goldman Sachs Group lifted their price target on Generac from $148.00 to $193.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, Scotiabank boosted their target price on shares of Generac from $147.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Generac has a consensus rating of "Moderate Buy" and an average target price of $174.05.

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.