Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Mountain Pacific Investment Advisers LLC

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

A number of other institutional investors have also bought and sold shares of the business. Sunbelt Securities Inc. grew its holdings in shares of Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Modus Advisors LLC purchased a new stake in shares of Generac in the 4th quarter valued at approximately $27,000. Versant Capital Management Inc increased its holdings 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 during the 4th quarter valued at approximately $28,000. Finally, Brooklyn Investment Group acquired a new position in Generac in the third quarter valued at approximately $31,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $166.60, for a total value of $833,000.00. Following the completion of the sale, the chief executive officer now directly owns 557,177 shares of the company’s stock, valued at $92,825,688.20. The trade was a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction 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. This represents a 22.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,268 shares of company stock valued at $7,577,703. 2.90% of the stock is currently owned by corporate insiders.

Generac Stock Up 0.5 %

Shares of NYSE:GNRC opened at $161.12 on Tuesday. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The firm’s 50 day moving average price is $170.24 and its 200 day moving average price is $161.08. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The stock has a market cap of $9.59 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 1.59 and a beta of 1.42.

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

Analyst Ratings Changes

Several research firms have issued reports on GNRC. Barclays assumed coverage on Generac in a research note on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 target price for the company. TD Cowen boosted their price objective on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. Roth Mkm increased their target price on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price target on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $174.30.

About Generac

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.