Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. lowered its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 36.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,247 shares of the technology company's stock after selling 11,165 shares during the quarter. Bridges Investment Management Inc.'s holdings in Generac were worth $2,438,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hurley Capital LLC bought a new stake in Generac during the 4th quarter valued at $26,000. Quadrant Capital Group LLC lifted its stake in shares of Generac by 61.7% during the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock worth $35,000 after purchasing an additional 87 shares during the last quarter. Private Trust Co. NA boosted its position in Generac by 42.9% during the first quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after purchasing an additional 90 shares in the last quarter. Ostrum Asset Management bought a new stake in shares of Generac in the 4th quarter valued at about $50,000. Finally, Wintrust Investments LLC grew its position in shares of Generac by 55.1% in the 4th quarter. Wintrust Investments LLC now owns 428 shares of the technology company's stock worth $66,000 after buying an additional 152 shares during the last quarter. Institutional investors own 84.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GNRC shares. TD Securities lowered their target price on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. TD Cowen lowered their price objective on Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Piper Sandler reduced their target price on Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Guggenheim upgraded Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Finally, Stifel Nicolaus dropped their price target on Generac from $200.00 to $195.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Generac has a consensus rating of "Moderate Buy" and an average target price of $169.17.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the transaction, the chief executive officer owned 562,966 shares of the company's stock, valued at approximately $80,166,358.40. This represents a 0.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.70% of the company's stock.

Generac Stock Performance

NYSE GNRC traded down $1.33 on Friday, reaching $150.66. 661,714 shares of the company's stock traded hands, compared to its average volume of 862,368. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.97. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 1.36 and a beta of 1.72. The stock has a 50 day moving average price of $131.40 and a 200-day moving average price of $134.21.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.27. The business had revenue of $942.12 million during the quarter, compared to analysts' expectations of $921.78 million. Generac had a return on equity of 18.90% and a net margin of 7.68%. The company's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 EPS. Equities research analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

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.