Peregrine Capital Management LLC Sells 5,221 Shares of Generac Holdings Inc. (NYSE:GNRC)

Peregrine Capital Management LLC cut its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 8.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,449 shares of the technology company’s stock after selling 5,221 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.10% of Generac worth $9,218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Empirical Finance LLC lifted its stake in shares of Generac by 4.1% during the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock valued at $268,000 after buying an additional 66 shares in the last quarter. Allworth Financial LP lifted its position in shares of Generac by 3.0% during the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock worth $435,000 after acquiring an additional 80 shares in the last quarter. Nicollet Investment Management Inc. lifted its position in shares of 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 acquiring an additional 82 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Generac by 42.0% in the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock worth $44,000 after acquiring an additional 84 shares during the period. Finally, Cornerstone Wealth Management LLC grew its position in shares of Generac by 6.3% in the fourth quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company’s stock valued at $235,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of recent research reports. Piper Sandler dropped their price objective on Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. TD Cowen increased 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. Stifel Nicolaus reduced their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. UBS Group increased their target price on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Roth Mkm boosted their price target on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’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 transaction of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.90% of the company’s stock.

Generac Stock Down 0.0 %

Shares of GNRC opened at $146.80 on Tuesday. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The stock has a 50 day simple moving average of $155.71 and a two-hundred day simple moving average of $160.61. The firm has a market cap of $8.73 billion, a P/E ratio of 30.46, a P/E/G ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.17% and a return on equity of 16.70%. On average, analysts forecast that Generac Holdings Inc. will post 6.91 earnings per share 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.