Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI trimmed its position in Generac Holdings Inc. (NYSE:GNRCFree Report) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,104 shares of the technology company’s stock after selling 235 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Generac were worth $401,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fairfield Bush & CO. lifted its holdings in shares of Generac by 83.2% in the 1st quarter. Fairfield Bush & CO. now owns 7,102 shares of the technology company’s stock worth $2,111,000 after acquiring an additional 3,225 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Generac by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,442 shares of the technology company’s stock valued at $2,509,000 after purchasing an additional 523 shares during the last quarter. Prudential PLC purchased a new stake in shares of Generac in the 1st quarter valued at approximately $441,000. National Pension Service increased its position in shares of Generac by 12.8% in the 1st quarter. National Pension Service now owns 98,555 shares of the technology company’s stock valued at $29,296,000 after purchasing an additional 11,158 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Generac by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 6,770,488 shares of the technology company’s stock valued at $2,012,595,000 after purchasing an additional 130,854 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Stock Up 0.6 %

Shares of NYSE:GNRC opened at $128.15 on Wednesday. Generac Holdings Inc. has a 1-year low of $79.86 and a 1-year high of $156.95. The stock has a market cap of $7.72 billion, a P/E ratio of 38.95, a P/E/G ratio of 2.00 and a beta of 1.45. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.27 and a quick ratio of 0.94. The firm has a fifty day moving average price of $117.22 and a 200 day moving average price of $113.68.

Generac (NYSE:GNRCGet Free Report) last released its earnings results on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business posted $1.78 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. Sell-side analysts predict that Generac Holdings Inc. will post 6.32 EPS for the current year.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $126.94, for a total value of $634,700.00. Following the completion of the sale, the chief executive officer now owns 592,177 shares in the company, valued at approximately $75,170,948.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

GNRC has been the topic of a number of recent analyst reports. UBS Group dropped their price objective on shares of Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. OTR Global raised shares of Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday. Roth Mkm increased their target price on shares of Generac from $105.00 to $118.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Citigroup increased their target price on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Finally, TD Cowen dropped their target price on shares of Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and an average target price of $139.79.

Read Our Latest Analysis on Generac

Generac Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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