Bridges Investment Management Inc. Sells 54,254 Shares of Generac Holdings Inc. (NYSE:GNRC)

Bridges Investment Management Inc. trimmed its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 64.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,412 shares of the technology company’s stock after selling 54,254 shares during the period. Bridges Investment Management Inc. owned approximately 0.05% of Generac worth $4,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. QRG Capital Management Inc. bought a new position in Generac during the fourth quarter valued at $297,000. Proficio Capital Partners LLC purchased a new stake in shares of Generac during the 4th quarter valued at about $4,568,000. Oppenheimer & Co. Inc. lifted its holdings in shares of Generac by 0.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 45,080 shares of the technology company’s stock valued at $6,990,000 after acquiring an additional 306 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new position in Generac in the fourth quarter worth about $471,000. Finally, Nwam LLC increased its stake in Generac by 230.9% during the fourth quarter. Nwam LLC now owns 7,875 shares of the technology company’s stock worth $1,221,000 after acquiring an additional 5,495 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GNRC has been the subject of several analyst reports. UBS Group raised their price objective on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Truist Financial dropped 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. Piper Sandler reduced their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company dropped their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Finally, Barclays initiated coverage on shares of Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Trading Down 0.1 %

NYSE GNRC opened at $136.04 on Friday. The company’s 50-day simple moving average is $151.00 and its two-hundred day simple moving average is $160.19. Generac Holdings Inc. has a one year low of $109.90 and a one year high of $195.94. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

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

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.90% of the stock is currently owned by company insiders.

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.