Generac Holdings Inc. $GNRC Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 52.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,298 shares of the technology company’s stock after selling 5,757 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Generac were worth $722,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in Generac during the 3rd quarter worth $26,000. Sentry Investment Management LLC increased its holdings in shares of Generac by 69.8% in the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. First Horizon Corp purchased a new position in Generac during the 3rd quarter valued at about $28,000. MUFG Securities EMEA plc purchased a new position in Generac during the 2nd quarter valued at about $25,000. Finally, Quent Capital LLC purchased a new position in Generac during the 3rd quarter valued at about $41,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

GNRC has been the topic of several analyst reports. Zacks Research raised shares of Generac from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Barclays raised their target price on shares of Generac from $213.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Friday, March 27th. UBS Group raised their price target on shares of Generac from $270.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday. Argus raised their price target on shares of Generac from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Wells Fargo & Company raised their price target on shares of Generac from $238.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $270.31.

Generac Trading Up 2.5%

GNRC opened at $263.45 on Wednesday. The firm has a market capitalization of $15.49 billion, a P/E ratio of 82.59, a P/E/G ratio of 2.44 and a beta of 1.93. The firm’s 50 day moving average is $212.21 and its 200-day moving average is $182.24. Generac Holdings Inc. has a 52-week low of $113.50 and a 52-week high of $267.32. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.47. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 earnings per share. Analysts expect that Generac Holdings Inc. will post 8.79 EPS for the current fiscal year.

Insiders Place Their Bets

In other Generac news, CFO York A. Ragen sold 24,362 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the completion of the transaction, the chief financial officer directly owned 137,182 shares of the company’s stock, valued at $32,321,451.02. This trade represents a 15.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.