New York Life Investment Management LLC Trims Stake in Generac Holdings Inc. (NYSE:GNRC)

New York Life Investment Management LLC decreased its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,541 shares of the technology company’s stock after selling 174 shares during the period. New York Life Investment Management LLC’s holdings in Generac were worth $1,104,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new position in shares of Generac in the 3rd quarter worth $28,000. BKM Wealth Management LLC acquired a new stake in Generac in the fourth quarter valued at approximately $28,000. ORG Partners LLC purchased a new stake in Generac during the 4th quarter worth $38,000. Operose Advisors LLC acquired a new position in shares of Generac in the third quarter worth about $40,000. Finally, Pinnacle Bancorp Inc. boosted its holdings in Generac by 89.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company’s stock valued at $40,000 after purchasing an additional 147 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Stock Performance

Shares of NYSE GNRC opened at $136.41 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.29. The firm has a market cap of $8.24 billion, a P/E ratio of 37.58, a PEG ratio of 1.82 and a beta of 1.41. The stock has a fifty day moving average price of $125.50 and a two-hundred day moving average price of $119.00. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $156.95.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.72 by $0.16. The firm had revenue of $889.27 million for the quarter, compared to analysts’ expectations of $886.60 million. Generac had a net margin of 5.68% and a return on equity of 14.68%. Generac’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. Research analysts forecast that Generac Holdings Inc. will post 6.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. 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. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. Roth Mkm lifted their price objective on shares of Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. 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 report on Friday, April 5th. Finally, Robert W. Baird boosted their price objective on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.40.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on 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 owns 592,177 shares of the company’s stock, valued at $75,170,948.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is currently owned by insiders.

Generac 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.