Sumitomo Mitsui Trust Group Inc. Sells 325 Shares of Generac Holdings Inc. (NYSE:GNRC)

Sumitomo Mitsui Trust Group Inc. lessened its position in Generac Holdings Inc. (NYSE:GNRC) by 11.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,509 shares of the technology company’s stock after selling 325 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Generac were worth $318,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in Generac by 84.0% during the 4th quarter. Jones Financial Companies Lllp now owns 4,840 shares of the technology company’s stock valued at $750,000 after purchasing an additional 2,210 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of Generac by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,206 shares of the technology company’s stock worth $1,582,000 after acquiring an additional 298 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Generac by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company’s stock worth $86,516,000 after acquiring an additional 2,015 shares during the period. Atria Investments Inc raised its stake in Generac by 19.1% during the 4th quarter. Atria Investments Inc now owns 2,828 shares of the technology company’s stock valued at $438,000 after purchasing an additional 453 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Generac in the 4th quarter valued at $4,568,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Stock Performance

Shares of NYSE:GNRC opened at $152.37 on Friday. The business has a fifty day moving average of $127.72 and a 200-day moving average of $134.53. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.97. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $195.94. The firm has a market cap of $9.00 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 1.37 and a beta of 1.72.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.27. Generac had a net margin of 7.68% and a return on equity of 18.90%. The company had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. During the same period in the prior year, the business earned $0.88 earnings per share. Generac’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities research analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on GNRC. TD Securities cut their price objective on shares of Generac from $173.00 to $155.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Janney Montgomery Scott upgraded Generac from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 7th. Robert W. Baird decreased their price objective on Generac from $171.00 to $127.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Wells Fargo & Company lowered their price objective on Generac from $165.00 to $128.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 1st. Finally, Piper Sandler reduced their target price on Generac from $175.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and an average price target of $169.17.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the sale, the chief executive officer directly owned 562,966 shares in the company, valued at $80,166,358.40. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by company insiders.

About Generac

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.