Generac Holdings Inc. (NYSE:GNRC) Stake Lessened by Watchman Group Inc.

Watchman Group Inc. decreased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 25,599 shares of the technology company’s stock after selling 1,007 shares during the quarter. 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 recently added to or reduced their stakes in the company. Nordea Investment Management AB acquired a new position in shares of Generac in the 4th quarter worth approximately $5,229,000. Global Financial Private Client LLC bought a new position in shares of Generac in the fourth quarter valued at $614,000. Franklin Resources Inc. lifted its position in shares of Generac by 106.1% during the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock valued at $4,998,000 after acquiring an additional 14,811 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Generac by 54.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 11,984 shares of the technology company’s stock worth $1,904,000 after acquiring an additional 4,209 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Generac by 41.4% in the 3rd quarter. Barclays PLC now owns 185,193 shares of the technology company’s stock worth $29,425,000 after acquiring an additional 54,202 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GNRC. Stifel Nicolaus dropped their price target on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Piper Sandler cut their price target on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Truist Financial decreased their price objective 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. Barclays began coverage on shares of Generac in a research note on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 target price on the stock. Finally, UBS Group lifted their price target on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $174.38.

Generac Stock Performance

Shares of NYSE GNRC opened at $127.11 on Friday. Generac Holdings Inc. has a one year low of $125.00 and a one year high of $195.94. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $140.67 and a 200 day simple moving average of $157.70. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. Sell-side analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.90% of the company’s stock.

Generac 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.