Asset Management One Co. Ltd. Sells 24,060 Shares of Generac Holdings Inc. (NYSE:GNRC)

Asset Management One Co. Ltd. cut its holdings in Generac Holdings Inc. (NYSE:GNRC) by 97.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 604 shares of the technology company’s stock after selling 24,060 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Generac were worth $79,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its position in Generac by 1,066.7% during the 1st quarter. Parkside Financial Bank & Trust now owns 140 shares of the technology company’s stock valued at $42,000 after purchasing an additional 128 shares during the last quarter. Comerica Bank purchased a new stake in Generac during the 2nd quarter valued at about $230,000. BKM Wealth Management LLC purchased a new stake in Generac during the 4th quarter valued at about $28,000. Bartlett & Co. LLC purchased a new stake in Generac during the 3rd quarter valued at about $26,000. Finally, Headlands Technologies LLC purchased a new stake in Generac during the 3rd quarter valued at about $28,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the completion of the transaction, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at $75,170,948.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on GNRC. OTR Global raised shares of Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. Guggenheim cut shares of Generac from a “buy” rating to a “neutral” rating in a research note on Thursday, February 15th. Citigroup upped their target price on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. UBS Group lowered their target price on shares of Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Finally, Roth Mkm upped their target price on shares of Generac from $105.00 to $118.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.80.

Generac Trading Down 3.2 %

GNRC stock opened at $131.76 on Monday. The firm has a fifty day moving average price of $120.31 and a 200 day moving average price of $115.15. Generac Holdings Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $156.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. The firm has a market cap of $7.94 billion, a PE ratio of 40.05, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.02). The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 earnings per share. Sell-side analysts anticipate that Generac Holdings Inc. will post 6.3 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.