Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. reduced its position in Generac Holdings Inc. (NYSE:GNRC) by 31.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,200 shares of the technology company’s stock after selling 550 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Generac were worth $186,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GNRC. Modus Advisors LLC purchased a new stake in shares of Generac in the fourth quarter valued at $27,000. Cranbrook Wealth Management LLC purchased a new stake in Generac in the fourth quarter valued at approximately $28,000. Versant Capital Management Inc increased its holdings in shares of Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after buying an additional 145 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Generac during the third quarter worth about $31,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Generac in the 4th quarter valued at about $31,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Stifel Nicolaus cut their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. The Goldman Sachs Group cut their price objective on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Guggenheim raised Generac from a “sell” rating to a “neutral” rating in a research report on Monday, March 17th. Piper Sandler lowered their target price on Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Finally, Citigroup reduced their price target on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.00.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.90% of the company’s stock.

Generac Stock Performance

Shares of GNRC stock opened at $131.57 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a one year low of $115.76 and a one year high of $195.94. The company’s 50-day simple moving average is $143.39 and its 200-day simple moving average is $158.05.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, February 12th. The technology company reported $2.80 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%. Equities analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

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.