Bokf Na Sells 2,239 Shares of Generac Holdings Inc. $GNRC

Bokf Na reduced its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 51.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,088 shares of the technology company’s stock after selling 2,239 shares during the quarter. Bokf Na’s holdings in Generac were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GNRC. Massachusetts Financial Services Co. MA raised its holdings in Generac by 127.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 959,337 shares of the technology company’s stock worth $130,825,000 after purchasing an additional 536,732 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Generac by 17.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock worth $355,530,000 after purchasing an additional 324,809 shares in the last quarter. Holocene Advisors LP raised its holdings in Generac by 346.6% in the 2nd quarter. Holocene Advisors LP now owns 356,623 shares of the technology company’s stock worth $51,072,000 after purchasing an additional 276,775 shares in the last quarter. Merewether Investment Management LP bought a new position in Generac in the 2nd quarter worth $38,079,000. Finally, M&T Bank Corp raised its holdings in Generac by 7,427.4% in the 4th quarter. M&T Bank Corp now owns 239,975 shares of the technology company’s stock worth $32,725,000 after purchasing an additional 236,787 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on GNRC shares. Guggenheim restated a “neutral” rating and issued a $202.00 price objective on shares of Generac in a report on Tuesday, February 10th. Roth Mkm restated a “neutral” rating and issued a $257.00 price objective on shares of Generac in a report on Thursday, April 30th. Needham & Company LLC restated a “buy” rating and issued a $277.00 price objective on shares of Generac in a report on Thursday, March 26th. Zacks Research upgraded shares of Generac from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Stephens restated an “overweight” rating and issued a $290.00 price objective on shares of Generac in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $270.31.

Insider Activity

In other news, CFO York A. Ragen sold 24,362 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total value of $5,739,930.82. Following the transaction, the chief financial officer owned 137,182 shares in the company, valued at approximately $32,321,451.02. This represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.

Generac Stock Down 0.2%

Shares of Generac stock opened at $268.88 on Monday. 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 has a market capitalization of $15.83 billion, a PE ratio of 84.29, a price-to-earnings-growth ratio of 2.52 and a beta of 1.93. Generac Holdings Inc. has a 52-week low of $118.09 and a 52-week high of $272.40. The company has a 50-day simple moving average of $213.65 and a two-hundred day simple moving average of $183.31.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.47. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. The business’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 earnings per share. On average, analysts anticipate that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.

Generac Company 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.