Nvwm LLC Cuts Stake in Generac Holdings Inc. (NYSE:GNRC)

Nvwm LLC trimmed its holdings in Generac Holdings Inc. (NYSE:GNRC) by 18.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,352 shares of the technology company’s stock after selling 743 shares during the quarter. Nvwm LLC’s holdings in Generac were worth $520,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Jennison Associates LLC increased its holdings in Generac by 133.6% in the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after acquiring an additional 384,434 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Generac by 114.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after buying an additional 299,205 shares in the last quarter. International Assets Investment Management LLC increased its stake in Generac by 25,311.7% in the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock worth $42,433,000 after acquiring an additional 266,026 shares during the last quarter. Stephens Investment Management Group LLC increased its position in Generac by 678.5% in the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock worth $30,560,000 after purchasing an additional 167,641 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Generac by 498.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,121 shares of the technology company’s stock worth $19,555,000 after buying an additional 105,063 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.90% of the company’s stock.

Generac Price Performance

NYSE GNRC opened at $142.31 on Thursday. The company has a market cap of $8.47 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 1.51 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The stock’s fifty day moving average price is $161.85 and its 200 day moving average price is $161.10. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GNRC. Roth Mkm increased their target price on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Citigroup decreased their target price on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus raised their price target on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Robert W. Baird cut their target price on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, TD Cowen increased their price objective on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and a consensus price target of $174.30.

About Generac

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.