Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. decreased its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 64.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,412 shares of the technology company’s stock after selling 54,254 shares during the quarter. Bridges Investment Management Inc.’s holdings in Generac were worth $4,715,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Modus Advisors LLC acquired a new position in shares of Generac in the 4th quarter valued at $27,000. Cranbrook Wealth Management LLC purchased a new stake in Generac during the 4th quarter valued at about $28,000. Versant Capital Management Inc increased its holdings in shares of Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares during the period. Brooklyn Investment Group purchased a new position in shares of Generac in the third quarter worth about $31,000. Finally, SouthState Corp acquired a new stake in shares of Generac during the third quarter worth about $32,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Trading Down 0.1 %

Shares of Generac stock opened at $136.04 on Friday. Generac Holdings Inc. has a twelve month low of $109.90 and a twelve month high of $195.94. The firm’s 50-day moving average price is $151.00 and its 200 day moving average price is $160.19. 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 firm has a market capitalization of $8.11 billion, a PE ratio of 25.19, a P/E/G ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Robert W. Baird cut their price target on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. The Goldman Sachs Group reduced their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, February 13th. UBS Group upped their price target on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Barclays began coverage on Generac in a research note on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective for the company. Finally, Truist Financial lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $174.00.

Insider Transactions at Generac

In related 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 value of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.90% of the company’s stock.

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.