Hunter Perkins Capital Management LLC Trims Stake in Generac Holdings Inc. (NYSE:GNRC)

Hunter Perkins Capital Management LLC cut its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 9.3% in the fourth quarter, HoldingsChannel reports. The firm owned 4,835 shares of the technology company’s stock after selling 495 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Generac were worth $750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. KBC Group NV boosted its stake in shares of Generac by 58.8% during the fourth quarter. KBC Group NV now owns 2,557 shares of the technology company’s stock valued at $396,000 after purchasing an additional 947 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Generac in the 4th quarter valued at $352,000. Blue Trust Inc. raised its position in shares of Generac by 82.5% in the 4th quarter. Blue Trust Inc. now owns 418 shares of the technology company’s stock worth $66,000 after acquiring an additional 189 shares in the last quarter. Legacy Financial Group LLC bought a new position in shares of Generac in the 4th quarter worth $239,000. Finally, Cornerstone Wealth Management LLC lifted its stake in shares of Generac by 6.3% during the 4th quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company’s stock worth $235,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Roth Mkm boosted their target price on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their target price on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Piper Sandler raised their target price on shares of Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. TD Cowen upped their price target on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group raised their price objective on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $174.30.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac 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 transaction, the chief executive officer now owns 557,177 shares of the company’s stock, valued at approximately $92,825,688.20. The trade was a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the sale, the executive vice president now directly owns 10,738 shares in the company, valued at approximately $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. Over the last ninety days, insiders sold 42,268 shares of company stock valued at $7,577,703. 2.90% of the stock is owned by company insiders.

Generac Stock Up 0.7 %

NYSE:GNRC opened at $157.40 on Monday. The firm has a market capitalization of $9.37 billion, a P/E ratio of 32.65, a PEG ratio of 1.60 and a beta of 1.42. The company’s fifty day moving average price is $167.98 and its 200-day moving average price is $161.57. Generac Holdings Inc. has a 1-year low of $108.89 and a 1-year high of $195.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96.

Generac (NYSE:GNRC) last released 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. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business posted $1.64 EPS. The company’s revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 6.91 EPS for the current year.

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.