Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. decreased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 87.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,475 shares of the technology company’s stock after selling 136,858 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Generac were worth $2,517,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ariel Investments LLC grew its stake in shares of Generac by 14.9% during the 3rd quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock worth $219,047,000 after purchasing an additional 261,050 shares during the period. Invesco Ltd. grew its stake in shares of Generac by 9.9% during the 3rd quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock worth $177,956,000 after purchasing an additional 147,523 shares during the period. Impax Asset Management Group plc grew its stake in shares of Generac by 3.3% during the 3rd quarter. Impax Asset Management Group plc now owns 1,172,742 shares of the technology company’s stock worth $127,151,000 after purchasing an additional 37,846 shares during the period. Northern Trust Corp grew its stake in shares of Generac by 9.0% during the 3rd quarter. Northern Trust Corp now owns 673,384 shares of the technology company’s stock worth $73,372,000 after purchasing an additional 55,812 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Generac by 42.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 650,139 shares of the technology company’s stock worth $70,839,000 after purchasing an additional 194,265 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Stock Up 0.8 %

NYSE GNRC opened at $137.18 on Thursday. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $156.95. The company has a quick ratio of 0.94, a current ratio of 2.27 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $121.80 and its 200-day simple moving average is $116.67. The firm has a market cap of $8.27 billion, a PE ratio of 41.70, a P/E/G ratio of 1.77 and a beta of 1.45.

Generac (NYSE:GNRC) last posted its quarterly 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 company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. As a group, equities analysts anticipate that Generac Holdings Inc. will post 6.3 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GNRC shares. Canaccord Genuity Group raised their price objective on shares of Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Guggenheim lowered Generac from a “buy” rating to a “neutral” rating in a research report on Thursday, February 15th. Roth Mkm increased their target price on Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday. Canaccord Genuity Group increased their target price on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, TD Cowen decreased their target price on Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and an average price target of $141.65.

Insider Buying and Selling

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