Mountain Pacific Investment Advisers LLC Trims Holdings in Generac Holdings Inc. (NYSE:GNRC)

Mountain Pacific Investment Advisers LLC lowered its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.6% in the fourth quarter, Holdings Channel reports. The firm owned 14,863 shares of the technology company’s stock after selling 549 shares during the quarter. Mountain Pacific Investment Advisers LLC’s holdings in Generac were worth $2,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Raymond James Trust N.A. lifted its holdings in shares of Generac by 52.8% during the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock worth $541,000 after purchasing an additional 1,177 shares during the period. Willis Investment Counsel raised its position in Generac by 18.7% during the 3rd quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock worth $16,684,000 after buying an additional 16,541 shares during the last quarter. Nordea Investment Management AB acquired a new stake in shares of Generac in the 4th quarter worth $5,229,000. Global Financial Private Client LLC purchased a new stake in shares of Generac in the fourth quarter valued at about $614,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Generac by 85.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock worth $928,000 after acquiring an additional 3,244 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the sale, the chief executive officer now owns 570,825 shares of the company’s stock, valued at $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the transaction, the executive vice president now owns 10,738 shares of the company’s stock, valued at $1,971,282.04. The trade was a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 42,268 shares of company stock valued at $7,577,703. Company insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GNRC shares. Roth Mkm lifted their price objective on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Barclays initiated coverage on Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective on the stock. Piper Sandler raised their target price on Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. The Goldman Sachs Group upped their price target on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Robert W. Baird reduced their price objective on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and a consensus price target of $174.30.

Generac Stock Up 0.5 %

GNRC opened at $161.12 on Tuesday. The firm has a market cap of $9.59 billion, a P/E ratio of 33.43, a PEG ratio of 1.59 and a beta of 1.42. The business’s fifty day simple moving average is $170.24 and its 200 day simple moving average is $161.08. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.27. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $1.64 EPS. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 6.91 EPS for the current fiscal year.

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.