Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,106 shares of the technology company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Generac were worth $482,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. PFG Advisors acquired a new stake in Generac during the 4th quarter worth approximately $391,000. Wealthfront Advisers LLC acquired a new stake in shares of Generac during the fourth quarter worth $12,286,000. Inspire Advisors LLC purchased a new position in Generac in the 4th quarter valued at $569,000. Miller Financial Services LLC purchased a new position in Generac during the 4th quarter worth $593,000. Finally, King Luther Capital Management Corp lifted its stake in shares of Generac by 1.1% in the 4th quarter. King Luther Capital Management Corp now owns 487,402 shares of the technology company’s stock worth $75,572,000 after acquiring an additional 5,105 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the transaction, the chief executive officer now owns 570,825 shares of the company’s stock, valued at $89,904,937.50. This represents a 0.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.90% of the stock is currently owned by insiders.

Generac Stock Up 1.7 %

GNRC opened at $132.62 on Tuesday. The business’s fifty day simple moving average is $145.50 and its 200 day simple moving average is $158.67. Generac Holdings Inc. has a 52 week low of $110.86 and a 52 week high of $195.94. The firm has a market cap of $7.91 billion, a P/E ratio of 24.56, a PEG ratio of 1.44 and a beta of 1.50. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC) 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 net margin of 7.36% and a return on equity of 18.17%. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GNRC. Piper Sandler cut their price target on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. UBS Group increased their target price on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Citigroup dropped their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Robert W. Baird cut their price objective on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group decreased their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.