Nomura Asset Management Co. Ltd. Sells 261 Shares of Generac Holdings Inc. (NYSE:GNRC)

Nomura Asset Management Co. Ltd. reduced its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 20.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,045 shares of the technology company’s stock after selling 261 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Generac were worth $166,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. William Blair Investment Management LLC bought a new position in shares of Generac in the second quarter worth about $98,282,000. Dimensional Fund Advisors LP grew its stake in shares of Generac by 5.2% during the second quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock worth $92,941,000 after buying an additional 35,026 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Generac by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after buying an additional 299,205 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of Generac by 29.2% during the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock worth $60,487,000 after buying an additional 103,439 shares in the last quarter. Finally, Burgundy Asset Management Ltd. lifted its stake in shares of Generac by 1.7% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 422,628 shares of the technology company’s stock valued at $55,880,000 after acquiring an additional 7,045 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the sale, the executive vice president now directly owns 10,738 shares of the company’s stock, valued at approximately $1,971,282.04. The trade was a 22.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $166.60, for a total value of $833,000.00. Following the completion of the transaction, the chief executive officer now owns 557,177 shares in the company, valued at $92,825,688.20. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,268 shares of company stock worth $7,584,853. Insiders own 2.90% of the company’s stock.

Generac Trading Down 3.7 %

NYSE:GNRC opened at $167.25 on Monday. The firm has a fifty day simple moving average of $177.48 and a two-hundred day simple moving average of $157.46. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 34.70, a PEG ratio of 2.09 and a beta of 1.39. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company posted $1.64 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts expect that Generac Holdings Inc. will post 6.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. The Goldman Sachs Group raised their price objective on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a report on Friday, November 1st. Roth Mkm boosted their target price on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Finally, Stifel Nicolaus increased their price objective on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $175.30.

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.