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

Watchman Group Inc. reduced its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,599 shares of the technology company’s stock after selling 1,007 shares during the period. Watchman Group Inc.’s holdings in Generac were worth $3,969,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Modus Advisors LLC purchased a new stake in Generac during the fourth quarter worth $27,000. Versant Capital Management Inc raised its stake in shares of 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 buying an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC purchased a new stake in shares of Generac in the 4th quarter worth about $28,000. Brooklyn Investment Group purchased a new position in Generac during the 3rd quarter valued at about $31,000. Finally, Bank of Jackson Hole Trust acquired a new position in Generac during the fourth quarter worth about $31,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GNRC has been the subject of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Robert W. Baird cut their price target on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Citigroup decreased their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Truist Financial cut their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, Bank of America started coverage on shares of Generac in a research note on Monday, March 24th. They set a “buy” rating and a $182.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $174.38.

Generac Stock Down 3.0 %

NYSE:GNRC opened at $127.11 on Friday. The stock has a 50-day simple moving average of $140.67 and a 200 day simple moving average of $157.70. Generac Holdings Inc. has a one year low of $125.00 and a one year high of $195.94. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. 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 released its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Sell-side analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the 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 sale, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is 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.