Knights of Columbus Asset Advisors LLC Sells 4,538 Shares of Generac Holdings Inc. (NYSE:GNRC)

Knights of Columbus Asset Advisors LLC reduced its holdings in Generac Holdings Inc. (NYSE:GNRC) by 69.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,976 shares of the technology company’s stock after selling 4,538 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Generac were worth $306,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Modus Advisors LLC bought a new position in Generac in the 4th quarter worth about $27,000. Cranbrook Wealth Management LLC purchased a new position in shares of Generac in the 4th quarter worth about $28,000. Versant Capital Management Inc boosted its holdings in shares of Generac by 391.9% in 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 in the last quarter. Brooklyn Investment Group purchased a new position in shares of Generac in the 3rd quarter worth about $31,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Generac in the 4th quarter worth about $31,000. 84.04% of the stock is currently owned by institutional investors.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the transaction, the chief executive officer now owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Generac Stock Down 1.3 %

Shares of NYSE:GNRC opened at $131.57 on Friday. Generac Holdings Inc. has a 52-week low of $115.76 and a 52-week high of $195.94. The firm has a market capitalization of $7.84 billion, a P/E ratio of 24.36, a P/E/G ratio of 1.44 and a beta of 1.50. The stock has a 50 day moving average price of $143.39 and a 200-day moving average price of $158.05. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citigroup cut their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Barclays assumed coverage on Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price objective for the company. Truist Financial dropped their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Guggenheim upgraded Generac from a “sell” rating to a “neutral” rating in a report on Monday, March 17th. Finally, Stifel Nicolaus dropped their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $174.00.

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.