Sumitomo Mitsui Trust Group Inc. Has $439,000 Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 41.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,834 shares of the technology company’s stock after selling 2,028 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Generac were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of GNRC. Jennison Associates LLC increased its position in Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after buying an additional 384,434 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Generac by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after purchasing an additional 299,205 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in shares of Generac by 5.6% in the third quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company’s stock worth $61,262,000 after acquiring an additional 20,576 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Generac by 25,311.7% in the third 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 period. Finally, Stephens Investment Management Group LLC lifted its stake 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 valued at $30,560,000 after buying an additional 167,641 shares during the period. 84.04% of the stock is owned by institutional investors.

Insider Buying and Selling at Generac

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

Generac Trading Down 0.0 %

GNRC opened at $146.80 on Friday. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The stock has a market capitalization of $8.73 billion, a PE ratio of 30.46, a P/E/G ratio of 1.44 and a beta of 1.42. The business’s 50 day moving average price is $156.31 and its 200 day moving average price is $160.57. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03.

Generac (NYSE:GNRC) last posted its quarterly earnings data 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 return on equity of 16.70% and a net margin of 7.17%. As a group, equities research analysts expect that Generac Holdings Inc. will post 6.91 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on GNRC. TD Cowen upped their price target on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Barclays began coverage on Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective on the stock. Truist Financial decreased their price target on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, UBS Group lifted their price objective on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.00.

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.