Duncker Streett & Co. Inc. Cuts Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Duncker Streett & Co. Inc. trimmed its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,023 shares of the technology company’s stock after selling 151 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Generac were worth $520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue raised its stake in Generac by 273.7% in the 4th quarter. State of Alaska Department of Revenue now owns 27,636 shares of the technology company’s stock valued at $3,571,000 after acquiring an additional 20,240 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Generac by 13.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 83,646 shares of the technology company’s stock valued at $10,810,000 after acquiring an additional 9,849 shares during the period. International Assets Investment Management LLC bought a new stake in Generac in the 4th quarter valued at about $17,956,000. DekaBank Deutsche Girozentrale raised its stake in Generac by 40.5% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 146,470 shares of the technology company’s stock valued at $18,955,000 after acquiring an additional 42,208 shares during the period. Finally, Seven Eight Capital LP bought a new stake in Generac in the 3rd quarter valued at about $1,832,000. 84.04% of the stock is currently owned by institutional investors.

Generac Trading Up 0.5 %

Shares of NYSE:GNRC traded up $0.59 during trading on Wednesday, reaching $129.10. 929,551 shares of the company traded hands, compared to its average volume of 1,075,646. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 39.24, a P/E/G ratio of 1.70 and a beta of 1.45. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $156.95. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. The business’s fifty day moving average is $120.60 and its 200-day moving average is $115.29.

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

Analyst Ratings Changes

GNRC has been the topic of a number of research reports. Canaccord Genuity Group boosted their price objective on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. TD Cowen decreased their price target on Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. Canaccord Genuity Group upped their price target on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. Finally, Robert W. Baird upped their price target on Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $140.80.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $115.22, for a total transaction of $576,100.00. Following the completion of the transaction, the chief executive officer now owns 577,690 shares in the company, valued at $66,561,441.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by corporate insiders.

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.