Danske Bank A S Has $120,000 Holdings in Generac Holdings Inc. $GNRC

Key Points

• Danske Bank A/S trimmed its stake in Generac by 96.5% in Q4, selling 24,390 shares and leaving a holding of 880 shares valued at about $120,000.
• Generac beat quarterly expectations with $1.80 EPS (vs. $1.33 est.) and revenue of $1.06B, up 12.5% year‑over‑year, while analysts' consensus is a "Moderate Buy" with an average target of $270.31.
• The stock trades near its 1‑year high (opened at $267.65), has a market cap of $15.74B and a high valuation (P/E ~83.9); insiders (including the CFO) have sold shares and institutional ownership stands at 84.04%.

Danske Bank A S trimmed its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 96.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 880 shares of the technology company's stock after selling 24,390 shares during the quarter. Danske Bank A S's holdings in Generac were worth $120,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. MUFG Securities EMEA plc acquired a new stake in Generac during the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Generac in the third quarter worth $26,000. First Horizon Corp bought a new stake in shares of Generac during the third quarter worth $28,000. Sentry Investment Management LLC increased its stake in shares of Generac by 69.8% in the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company's stock valued at $28,000 after buying an additional 67 shares in the last quarter. Finally, Quent Capital LLC acquired a new stake in shares of Generac in the third quarter valued at $41,000. Institutional investors own 84.04% of the company's stock.

Generac Trading Up 1.5%

NYSE:GNRC opened at $267.65 on Thursday. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. Generac Holdings Inc. has a 1-year low of $113.96 and a 1-year high of $269.26. The firm has a market capitalization of $15.74 billion, a price-to-earnings ratio of 83.90, a PEG ratio of 2.50 and a beta of 1.93. The business's 50-day moving average price is $213.02 and its two-hundred day moving average price is $182.77.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.47. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.05 billion. Generac had a return on equity of 15.45% and a net margin of 4.37%.Generac's revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 EPS. On average, equities analysts expect that Generac Holdings Inc. will post 8.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Generac in a research report on Friday, March 20th. They set a "hold" rating and a $222.00 price target on the stock. Argus boosted their target price on shares of Generac from $255.00 to $290.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Bank of America reduced their target price on shares of Generac from $260.00 to $248.00 and set a "buy" rating on the stock in a research report on Thursday, March 26th. Roth Mkm reissued a "neutral" rating and set a $257.00 price target on shares of Generac in a research note on Thursday, April 30th. Finally, Barclays boosted their price objective on shares of Generac from $213.00 to $228.00 and gave the stock an "equal weight" rating in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $270.31.

Insider Buying and Selling

In other Generac news, CFO York A. Ragen sold 24,362 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total value of $5,739,930.82. Following the sale, the chief financial officer directly owned 137,182 shares in the company, valued at approximately $32,321,451.02. This trade represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.70% of the company's stock.

Generac Company Profile

Generac Holdings Inc NYSE: GNRC is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac's product lineup addresses a broad range of customer needs.

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