South Dakota Investment Council Sells 8,778 Shares of Generac Holdings Inc. (NYSE:GNRC)

South Dakota Investment Council decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 23.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,105 shares of the technology company’s stock after selling 8,778 shares during the period. South Dakota Investment Council’s holdings in Generac were worth $4,358,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Modus Advisors LLC bought a new position in shares of Generac during the fourth quarter valued at approximately $27,000. Versant Capital Management Inc increased its stake in shares of Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC bought a new position in shares of Generac during the fourth quarter valued at approximately $28,000. Brooklyn Investment Group bought a new position in shares of Generac during the third quarter valued at approximately $31,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Generac during the fourth quarter valued at approximately $31,000. Institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GNRC. Stifel Nicolaus cut their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Piper Sandler cut their price target on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Citigroup cut their price target 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. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Finally, Truist Financial cut their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.

Generac Stock Down 0.5 %

GNRC opened at $137.87 on Monday. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 1-year low of $108.89 and a 1-year high of $195.94. The company has a market capitalization of $8.22 billion, a PE ratio of 25.53, a PEG ratio of 1.44 and a beta of 1.42. The firm’s 50 day simple moving average is $153.28 and its two-hundred day simple moving average is $160.62.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate 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 analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

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.