Mitsubishi UFJ Trust & Banking Corp Cuts Holdings in Generac Holdings Inc. $GNRC

Key Points

• Mitsubishi UFJ Trust & Banking Corp cut its Generac stake by 52.1% in Q4, selling 5,757 shares and now holding 5,298 shares worth about $722,000, according to an SEC filing.
• CFO York A. Ragen sold 24,362 shares at an average price of $235.61 on Feb. 25, reducing his position by roughly 15% to 137,182 shares; insiders own about 2.70% of the company.
• Generac beat expectations with $1.80 EPS versus $1.33 expected and $1.06B revenue (up 12.5% YoY); the stock has a $15.49B market cap and a consensus rating of "Moderate Buy" with an average price target near $270.31.

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 52.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,298 shares of the technology company's stock after selling 5,757 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Generac were worth $722,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its stake in Generac by 2.1% in the second quarter. State Street Corp now owns 2,189,927 shares of the technology company's stock valued at $313,619,000 after acquiring an additional 45,592 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Generac by 17.9% during the third quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company's stock worth $355,530,000 after purchasing an additional 324,809 shares during the last quarter. Boston Partners raised its holdings in shares of Generac by 7.1% during the third quarter. Boston Partners now owns 1,947,332 shares of the technology company's stock worth $326,003,000 after purchasing an additional 128,439 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Generac by 20.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,104,362 shares of the technology company's stock valued at $184,870,000 after buying an additional 189,457 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Generac by 127.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 959,337 shares of the technology company's stock valued at $130,825,000 after buying an additional 536,732 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO York A. Ragen sold 24,362 shares of the company's 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 completion of the transaction, the chief financial officer owned 137,182 shares in the company, valued at approximately $32,321,451.02. This represents a 15.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.70% of the company's stock.

Generac Price Performance

Shares of GNRC opened at $263.45 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47. Generac Holdings Inc. has a fifty-two week low of $113.50 and a fifty-two week high of $267.32. The company has a market cap of $15.49 billion, a P/E ratio of 82.59, a PEG ratio of 2.44 and a beta of 1.93. The firm's 50 day moving average price is $212.21 and its 200 day moving average price is $182.24.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Generac in a report on Thursday, January 22nd. TD Cowen boosted their price target on shares of Generac from $255.00 to $285.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Zacks Research upgraded shares of Generac from a "strong sell" rating to a "hold" rating in a research report on Thursday, February 19th. Guggenheim reiterated a "neutral" rating and issued a $202.00 target price on shares of Generac in a report on Tuesday, February 10th. Finally, Robert W. Baird set a $311.00 target price on shares of Generac in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $270.31.

About Generac

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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