Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,651 shares of the technology company’s stock after selling 444 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Generac were worth $1,962,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of recent research reports. Stifel Nicolaus dropped their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group cut their price target on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. UBS Group upped their price objective on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Guggenheim upgraded shares of Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. Finally, Citigroup reduced their target price on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.38.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.90% of the stock is owned by company insiders.

Generac Stock Performance

Shares of GNRC stock opened at $137.61 on Tuesday. The stock has a market cap of $8.20 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 52-week low of $115.76 and a 52-week high of $195.94. The business has a 50-day simple moving average of $142.95 and a 200-day simple moving average of $158.07. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. On average, equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current 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.