Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Swiss National Bank

Swiss National Bank lessened its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 0.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 118,300 shares of the technology company’s stock after selling 100 shares during the quarter. Swiss National Bank owned about 0.20% of Generac worth $18,342,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GNRC. Modus Advisors LLC purchased a new position in Generac during the 4th quarter worth approximately $27,000. Versant Capital Management Inc grew its stake in Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after buying an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC purchased a new position in shares of Generac in the 4th quarter valued at approximately $28,000. Brooklyn Investment Group purchased a new position in shares of Generac in the 3rd quarter valued at approximately $31,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Generac in the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the transaction, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

GNRC has been the topic of several analyst reports. The Goldman Sachs Group lowered their target price on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Citigroup lowered their target price on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird lowered their target price on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Piper Sandler lowered their target price on Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Finally, Stifel Nicolaus lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $174.00.

Generac Stock Performance

Shares of GNRC stock opened at $131.85 on Wednesday. The stock has a fifty day moving average price of $144.92 and a 200 day moving average price of $158.49. The stock has a market cap of $7.86 billion, a PE ratio of 24.42, a P/E/G ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 1 year low of $110.86 and a 1 year high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

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 analysts’ consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. Sell-side analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

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.