Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. decreased its position in Generac Holdings Inc. (NYSE:GNRC) by 87.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,475 shares of the technology company’s stock after selling 136,858 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Generac were worth $2,517,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Ariel Investments LLC grew its holdings in Generac by 14.9% in the third quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock valued at $219,047,000 after purchasing an additional 261,050 shares during the last quarter. Invesco Ltd. grew its holdings in Generac by 9.9% in the third quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock valued at $177,956,000 after purchasing an additional 147,523 shares during the last quarter. Impax Asset Management Group plc grew its holdings in Generac by 3.3% in the third quarter. Impax Asset Management Group plc now owns 1,172,742 shares of the technology company’s stock valued at $127,151,000 after purchasing an additional 37,846 shares during the last quarter. Northern Trust Corp grew its holdings in Generac by 9.0% in the third quarter. Northern Trust Corp now owns 673,384 shares of the technology company’s stock valued at $73,372,000 after purchasing an additional 55,812 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Generac by 42.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 650,139 shares of the technology company’s stock valued at $70,839,000 after purchasing an additional 194,265 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

GNRC has been the topic of several research reports. Guggenheim lowered Generac from a “buy” rating to a “neutral” rating in a report on Thursday, February 15th. Roth Mkm increased their price objective on Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday. Robert W. Baird increased their price objective on Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. OTR Global raised Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. Finally, Canaccord Genuity Group increased their price objective on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Generac has an average rating of “Moderate Buy” and a consensus target price of $141.65.

Generac Stock Up 0.8 %

Shares of NYSE:GNRC opened at $137.18 on Thursday. The firm has a market cap of $8.27 billion, a price-to-earnings ratio of 41.70, a PEG ratio of 1.77 and a beta of 1.45. Generac Holdings Inc. has a 12-month low of $79.86 and a 12-month high of $156.95. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. The stock’s 50-day moving average price is $121.80 and its two-hundred day moving average price is $116.67.

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

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $126.94, for a total value of $634,700.00. Following the transaction, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at approximately $75,170,948.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.80% of the company’s stock.

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.