Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. cut its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 68.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,646 shares of the technology company’s stock after selling 3,507 shares during the period. Daiwa Securities Group Inc.’s holdings in Generac were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its position in Generac by 273.7% during the fourth quarter. State of Alaska Department of Revenue now owns 27,636 shares of the technology company’s stock valued at $3,571,000 after purchasing an additional 20,240 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Generac by 13.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 83,646 shares of the technology company’s stock valued at $10,810,000 after buying an additional 9,849 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Generac in the fourth quarter valued at $17,956,000. DekaBank Deutsche Girozentrale increased its holdings in Generac by 40.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 146,470 shares of the technology company’s stock valued at $18,955,000 after buying an additional 42,208 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Generac by 607.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 22,829 shares of the technology company’s stock valued at $2,950,000 after buying an additional 19,600 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Stock Performance

GNRC opened at $140.12 on Friday. The firm has a market capitalization of $8.45 billion, a PE ratio of 42.59, a PEG ratio of 1.84 and a beta of 1.45. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $156.95. The firm’s 50-day moving average price is $122.62 and its 200 day moving average price is $117.14. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62.

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

Wall Street Analysts Forecast Growth

GNRC has been the subject of a number of recent analyst reports. Robert W. Baird lifted their price objective on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. TD Cowen cut their price objective on shares of Generac from $165.00 to $144.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Canaccord Genuity Group lifted their price objective on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. Citigroup boosted their target price on shares of Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Finally, Canaccord Genuity Group boosted 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 analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $141.65.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were 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 in the company, valued at approximately $75,170,948.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.80% of the stock is currently owned by company insiders.

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.