Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Nvwm LLC

Nvwm LLC lowered its position in Generac Holdings Inc. (NYSE:GNRC) by 18.1% in the fourth quarter, HoldingsChannel reports. The fund owned 3,352 shares of the technology company’s stock after selling 743 shares during the quarter. Nvwm LLC’s holdings in Generac were worth $520,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GNRC. Modus Advisors LLC purchased a new stake in Generac in the 4th quarter worth $27,000. Versant Capital Management Inc boosted its stake in Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after purchasing an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC purchased a new stake in shares of Generac during the fourth quarter worth $28,000. Brooklyn Investment Group acquired a new stake in shares of Generac in the third quarter valued at about $31,000. Finally, SouthState Corp purchased a new position in shares of Generac in the third quarter worth about $32,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the transaction, the chief executive officer now directly owns 570,825 shares in the company, valued at approximately $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.90% of the company’s stock.

Generac Price Performance

Shares of NYSE:GNRC opened at $142.31 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The firm has a market capitalization of $8.47 billion, a P/E ratio of 29.52, a P/E/G ratio of 1.51 and a beta of 1.42. The company’s fifty day moving average price is $161.85 and its 200 day moving average price is $161.10.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GNRC. Stifel Nicolaus boosted their target price on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Barclays initiated coverage on Generac in a research note on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 target price for the company. JPMorgan Chase & Co. increased their price objective on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Citigroup cut their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Robert W. Baird lowered their target price on Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $174.30.

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.