Amalgamated Bank Has $1.84 Million Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Amalgamated Bank lowered its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,865 shares of the technology company’s stock after selling 348 shares during the period. Amalgamated Bank’s holdings in Generac were worth $1,840,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Raymond James Trust N.A. increased its holdings in Generac by 52.8% in the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock worth $541,000 after buying an additional 1,177 shares during the last quarter. Nordea Investment Management AB bought a new stake in Generac in the fourth quarter worth approximately $5,229,000. Global Financial Private Client LLC bought a new stake in Generac in the fourth quarter worth approximately $614,000. Principal Financial Group Inc. increased its stake in shares of Generac by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock worth $11,324,000 after purchasing an additional 3,426 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Generac by 106.1% in the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock valued at $4,998,000 after purchasing an additional 14,811 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the transaction, the chief executive officer now owns 570,825 shares in the company, valued at $89,904,937.50. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is owned by company insiders.

Generac Price Performance

Shares of NYSE:GNRC opened at $136.04 on Monday. The business’s 50 day moving average is $151.00 and its 200-day moving average is $160.30. 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 PEG ratio of 1.44 and a beta of 1.42. Generac Holdings Inc. has a 1-year low of $109.90 and a 1-year high of $195.94.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GNRC shares. Stifel Nicolaus lowered their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Truist Financial lowered their price objective on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. The Goldman Sachs Group reduced 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. UBS Group increased their price target on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Robert W. Baird reduced their price objective on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.00.

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.