Bank Julius Baer & Co. Ltd Zurich Trims Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Bank Julius Baer & Co. Ltd Zurich cut its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 18.0% in the 4th quarter, Holdings Channel reports. The fund owned 1,730 shares of the technology company’s stock after selling 380 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Generac were worth $224,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Lido Advisors LLC raised its stake in Generac by 2.9% during the 3rd quarter. Lido Advisors LLC now owns 4,143 shares of the technology company’s stock valued at $451,000 after acquiring an additional 115 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Generac by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 26,713 shares of the technology company’s stock worth $2,911,000 after buying an additional 140 shares in the last quarter. Pinnacle Bancorp Inc. raised its stake in shares of Generac by 89.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company’s stock worth $40,000 after buying an additional 147 shares in the last quarter. Bridgecreek Investment Management LLC raised its stake in shares of Generac by 0.4% during the 3rd quarter. Bridgecreek Investment Management LLC now owns 41,260 shares of the technology company’s stock worth $4,496,000 after buying an additional 175 shares in the last quarter. Finally, Mcdonald Partners LLC raised its stake in shares of Generac by 3.9% during the 3rd quarter. Mcdonald Partners LLC now owns 4,675 shares of the technology company’s stock worth $509,000 after buying an additional 175 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $126.94, for a total transaction of $634,700.00. Following the sale, the chief executive officer now owns 592,177 shares in the company, valued at $75,170,948.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.80% of the company’s stock.

Generac Price Performance

Shares of NYSE:GNRC opened at $140.12 on Friday. The business’s fifty day moving average price is $122.62 and its two-hundred day moving average price is $117.14. The stock has a market cap of $8.45 billion, a PE ratio of 42.59, a price-to-earnings-growth ratio of 1.85 and a beta of 1.45. 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 one year low of $79.86 and a one year high of $156.95.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, February 14th. The technology company reported $2.07 EPS 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 analyst estimates of $1.09 billion. Generac had a net margin of 5.33% and a return on equity of 14.15%. Generac’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.78 EPS. On average, analysts forecast that Generac Holdings Inc. will post 6.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Guggenheim downgraded Generac from a “buy” rating to a “neutral” rating in a research note on Thursday, February 15th. Canaccord Genuity Group increased their target price on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. OTR Global raised Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. Roth Mkm increased their target price on Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Finally, Citigroup upped their price target on Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $141.65.

Generac Company 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.