Hunter Perkins Capital Management LLC Sells 495 Shares of Generac Holdings Inc. (NYSE:GNRC)

Hunter Perkins Capital Management LLC reduced its stake in Generac Holdings Inc. (NYSE:GNRC) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,835 shares of the technology company’s stock after selling 495 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Generac were worth $750,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GNRC. The Manufacturers Life Insurance Company raised its stake in shares of Generac by 114.8% in the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after buying an additional 299,205 shares during the period. Disciplined Growth Investors Inc. MN raised its stake in Generac by 5.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company’s stock worth $61,262,000 after acquiring an additional 20,576 shares during the period. Jennison Associates LLC purchased a new position in Generac during the third quarter valued at approximately $45,722,000. International Assets Investment Management LLC boosted its position in shares of Generac by 25,311.7% in the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock worth $42,433,000 after purchasing an additional 266,026 shares during the period. Finally, Stephens Investment Management Group LLC increased its stake in shares of Generac by 678.5% in the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock worth $30,560,000 after purchasing an additional 167,641 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Price Performance

NYSE:GNRC opened at $157.40 on Monday. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 1.60 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The business has a 50 day simple moving average of $167.98 and a 200-day simple moving average of $161.57. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the firm earned $1.64 earnings per share. Generac’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities analysts forecast that Generac Holdings Inc. will post 6.91 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GNRC shares. Roth Mkm upped their target price on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. increased their target price on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Citigroup dropped their price target on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Truist Financial reduced their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.30.

Insider Buying and Selling

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the sale, the executive vice president now directly owns 10,738 shares of the company’s stock, valued at approximately $1,971,282.04. The trade was a 22.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the sale, the chief executive officer now owns 570,825 shares of the company’s stock, valued at $89,904,937.50. The trade was a 0.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,268 shares of company stock valued at $7,577,703. Company insiders own 2.90% of the company’s stock.

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.