Handelsbanken Fonder AB Sells 100 Shares of Generac Holdings Inc. (NYSE:GNRC)

Handelsbanken Fonder AB reduced its position in Generac Holdings Inc. (NYSE:GNRC) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,300 shares of the technology company’s stock after selling 100 shares during the period. Handelsbanken Fonder AB’s holdings in Generac were worth $2,372,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GNRC. Modus Advisors LLC bought a new stake in Generac in the 4th quarter valued at about $27,000. Versant Capital Management Inc raised its stake in Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after acquiring an additional 145 shares during the period. Cranbrook Wealth Management LLC bought a new stake in Generac in the 4th quarter valued at about $28,000. Brooklyn Investment Group bought a new stake in Generac in the 3rd quarter valued at about $31,000. Finally, Bank of Jackson Hole Trust bought a new stake in Generac in the 4th quarter valued at about $31,000. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Up 0.2 %

Shares of GNRC opened at $138.33 on Tuesday. The firm has a market cap of $8.25 billion, a P/E ratio of 25.62, a P/E/G ratio of 1.44 and a beta of 1.42. The stock has a 50 day simple moving average of $152.70 and a two-hundred day simple moving average of $160.60. 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 Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. On average, analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the sale, the chief executive officer now owns 570,825 shares in the company, valued at approximately $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GNRC. Robert W. Baird reduced their target price on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. TD Cowen lifted their target price on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Piper Sandler reduced their target price on Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Finally, Barclays began coverage on Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 target price for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and a consensus target price of $174.00.

Generac 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.