Vontobel Holding Ltd. Sells 266 Shares of Generac Holdings Inc. (NYSE:GNRC)

Vontobel Holding Ltd. reduced its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,886 shares of the technology company’s stock after selling 266 shares during the period. Vontobel Holding Ltd.’s holdings in Generac were worth $890,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GNRC. Headlands Technologies LLC bought a new position in shares of Generac during the 3rd quarter valued at approximately $28,000. BKM Wealth Management LLC purchased a new stake in shares of Generac during the 4th quarter valued at approximately $28,000. Castleview Partners LLC purchased a new stake in shares of Generac during the 1st quarter valued at approximately $30,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Generac during the 1st quarter valued at approximately $35,000. Finally, ORG Partners LLC purchased a new stake in shares of Generac during the 4th quarter valued at approximately $38,000. 84.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GNRC. Citigroup upped their price target 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. Roth Mkm upped their price target 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. Canaccord Genuity Group upped their price target on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Guggenheim cut shares of Generac from a “buy” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, Canaccord Genuity Group increased their target price on shares of Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and a consensus target price of $140.80.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the 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 transaction, the chief executive officer now owns 592,177 shares of the company’s stock, valued at approximately $75,170,948.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.80% of the stock is owned by insiders.

Generac Price Performance

GNRC stock opened at $135.15 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $156.95. The firm’s fifty day moving average is $121.21 and its 200 day moving average is $115.95. The firm has a market cap of $8.15 billion, a P/E ratio of 41.08, a P/E/G ratio of 1.79 and a beta of 1.45.

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