Impax Asset Management Group plc Has $129.89 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

Impax Asset Management Group plc cut its position in Generac Holdings Inc. (NYSE:GNRC) by 9.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 843,412 shares of the technology company’s stock after selling 92,730 shares during the quarter. Impax Asset Management Group plc’s holdings in Generac were worth $129,891,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Modus Advisors LLC acquired a new position in Generac during the fourth quarter valued at approximately $27,000. Versant Capital Management Inc increased its stake in shares of Generac by 391.9% in the 4th 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 last quarter. Cranbrook Wealth Management LLC acquired a new position in shares of Generac during the 4th quarter worth $28,000. Brooklyn Investment Group bought a new stake in shares of Generac during the 3rd quarter worth $31,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Generac in the fourth quarter valued at about $31,000. Institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on GNRC. Piper Sandler decreased their price target on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus decreased their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Truist Financial lowered their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Citigroup cut their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group lowered their target price on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, February 13th. One equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $174.00.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred 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 directly owns 570,825 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. 2.90% of the stock is owned by corporate insiders.

Generac Stock Down 0.5 %

Shares of NYSE GNRC opened at $137.87 on Monday. The company’s 50 day moving average price is $153.28 and its 200-day moving average price is $160.62. 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 Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94. The company has a market capitalization of $8.22 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 earnings per share for the current 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.