Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,651 shares of the technology company’s stock after selling 444 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Generac were worth $1,962,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in shares of Generac by 3.0% in the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock worth $435,000 after buying an additional 80 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Generac by 42.0% in the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock worth $44,000 after purchasing an additional 84 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in Generac by 6.3% during the fourth quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company’s stock worth $235,000 after buying an additional 90 shares in the last quarter. Personal CFO Solutions LLC raised its holdings in shares of Generac by 5.1% during the 4th quarter. Personal CFO Solutions LLC now owns 2,097 shares of the technology company’s stock worth $325,000 after acquiring an additional 102 shares during the period. Finally, Retirement Systems of Alabama boosted its holdings in Generac by 0.8% in the 3rd quarter. Retirement Systems of Alabama now owns 13,476 shares of the technology company’s stock valued at $2,141,000 after purchasing an additional 105 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Trading Up 4.6 %

NYSE GNRC opened at $137.61 on Tuesday. Generac Holdings Inc. has a 52 week low of $115.76 and a 52 week high of $195.94. The firm has a 50 day moving average of $142.95 and a two-hundred day moving average of $158.07. The stock has a market capitalization of $8.20 billion, a PE ratio of 25.48, a price-to-earnings-growth 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 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, research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of recent analyst reports. UBS Group raised their price target on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Bank of America started coverage on Generac in a research report on Monday. They issued a “buy” rating and a $182.00 target price on the stock. The Goldman Sachs Group lowered their price target on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Citigroup reduced their price objective on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Robert W. Baird lowered their target price on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and an average target price of $174.38.

Insider Transactions at Generac

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

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.