Asset Management One Co. Ltd. Sells 24,060 Shares of Generac Holdings Inc. (NYSE:GNRC)

Asset Management One Co. Ltd. lessened its position in Generac Holdings Inc. (NYSE:GNRC) by 97.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 604 shares of the technology company’s stock after selling 24,060 shares during the period. Asset Management One Co. Ltd.’s holdings in Generac were worth $79,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bartlett & Co. LLC bought a new position in shares of Generac in the 3rd quarter valued at about $26,000. Headlands Technologies LLC bought a new stake in shares of Generac during the 3rd quarter worth about $28,000. BKM Wealth Management LLC bought a new stake in shares of Generac during the 4th quarter worth about $28,000. Castleview Partners LLC bought a new stake in shares of Generac during the 1st quarter worth about $30,000. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Generac during the 1st quarter worth about $35,000. Institutional investors own 84.04% of the company’s stock.

Generac Trading Down 3.2 %

Shares of NYSE GNRC opened at $131.76 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $156.95. The firm has a 50 day moving average price of $120.31 and a two-hundred day moving average price of $115.15. The stock has a market cap of $7.94 billion, a P/E ratio of 40.05, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a net margin of 5.33% and a return on equity of 14.15%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company posted $1.78 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. As a group, equities analysts forecast that Generac Holdings Inc. will post 6.3 EPS for the current year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $115.22, for a total value of $576,100.00. Following the sale, the chief executive officer now directly owns 577,690 shares of the company’s stock, valued at approximately $66,561,441.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Citigroup lifted their target price on shares of Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Robert W. Baird lifted their target price on shares of Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. UBS Group reduced their target price on shares of Generac from $160.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, February 15th. TD Cowen cut their price objective on shares of Generac from $165.00 to $144.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Finally, Canaccord Genuity Group boosted their price objective on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $140.80.

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.