Danske Bank A S Has $120,000 Position in Generac Holdings Inc. $GNRC

Danske Bank A S lessened its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 96.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 880 shares of the technology company’s stock after selling 24,390 shares during the period. Danske Bank A S’s holdings in Generac were worth $120,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB raised its holdings in shares of Generac by 21.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 331 shares of the technology company’s stock worth $55,000 after acquiring an additional 59 shares during the period. Sentry Investment Management LLC lifted its position in Generac by 69.8% in the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after acquiring an additional 67 shares in the last quarter. ORG Partners LLC boosted its stake in Generac by 24.7% in the 3rd quarter. ORG Partners LLC now owns 369 shares of the technology company’s stock worth $62,000 after purchasing an additional 73 shares during the period. Argent Trust Co increased its holdings in Generac by 2.3% during the 3rd quarter. Argent Trust Co now owns 3,272 shares of the technology company’s stock worth $548,000 after purchasing an additional 73 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Generac by 2.7% during the 3rd quarter. NewEdge Advisors LLC now owns 2,749 shares of the technology company’s stock worth $460,000 after purchasing an additional 73 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup boosted their price target on Generac from $226.00 to $263.00 and gave the company a “neutral” rating in a report on Tuesday. UBS Group lifted their target price on Generac from $270.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Company boosted their target price on Generac from $238.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Argus upped their price target on Generac from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Robert W. Baird set a $311.00 price target on shares of Generac in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $270.31.

Generac Price Performance

NYSE:GNRC opened at $267.65 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 2.03. The stock’s 50-day simple moving average is $213.02 and its 200 day simple moving average is $182.77. The company has a market cap of $15.74 billion, a P/E ratio of 83.90, a P/E/G ratio of 2.50 and a beta of 1.93. Generac Holdings Inc. has a 52-week low of $113.96 and a 52-week high of $269.26.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.33 by $0.47. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Generac had a return on equity of 15.45% and a net margin of 4.37%.The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 earnings per share. As a group, sell-side analysts forecast that Generac Holdings Inc. will post 8.79 EPS for the current fiscal year.

Insider Activity at Generac

In other news, CFO York A. Ragen sold 24,362 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the sale, the chief financial officer owned 137,182 shares of the company’s stock, valued at approximately $32,321,451.02. This represents a 15.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

Generac Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.