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

Securian Asset Management Inc. trimmed its position in Generac Holdings Inc. (NYSE:GNRC) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,106 shares of the technology company’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Generac were worth $482,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. grew its position in Generac by 5.0% in the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock worth $11,324,000 after acquiring an additional 3,426 shares during the period. Sigma Planning Corp purchased a new position in shares of Generac during the 3rd quarter worth $207,000. Apollon Wealth Management LLC purchased a new position in shares of Generac during the 3rd quarter worth $202,000. Oppenheimer Asset Management Inc. increased its position in shares of Generac by 181.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,650 shares of the technology company’s stock worth $1,692,000 after purchasing an additional 6,872 shares during the last quarter. Finally, KBC Group NV raised its holdings in Generac by 11.1% in the 3rd quarter. KBC Group NV now owns 1,610 shares of the technology company’s stock valued at $256,000 after buying an additional 161 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Trading Up 1.7 %

GNRC opened at $132.62 on Tuesday. The business’s 50-day simple moving average is $145.50 and its 200-day simple moving average is $158.67. The company 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. Generac Holdings Inc. has a one year low of $110.86 and a one year high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share 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 expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on GNRC. Barclays started coverage on shares of Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target for the company. Citigroup cut their target price on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Piper Sandler decreased their price target on Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Stifel Nicolaus cut their price objective on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, Truist Financial decreased their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $174.00.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is owned by company insiders.

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.