Impax Asset Management Group plc Trims Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Impax Asset Management Group plc cut its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,156,533 shares of the technology company's stock after selling 16,209 shares during the period. Impax Asset Management Group plc owned approximately 1.88% of Generac worth $148,722,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its stake in Generac by 1,066.7% during the 1st quarter. Parkside Financial Bank & Trust now owns 140 shares of the technology company's stock valued at $42,000 after acquiring an additional 128 shares during the last quarter. Comerica Bank purchased a new position in shares of Generac during the 2nd quarter worth approximately $230,000. BKM Wealth Management LLC purchased a new position in shares of Generac during the 4th quarter worth approximately $28,000. Bartlett & Co. LLC purchased a new position in shares of Generac during the 3rd quarter worth approximately $26,000. Finally, Headlands Technologies LLC purchased a new position in shares of Generac during the 3rd quarter worth approximately $28,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Trading Up 3.5 %

Generac stock traded up $4.72 during midday trading on Tuesday, reaching $140.23. The stock had a trading volume of 1,202,415 shares, compared to its average volume of 1,025,943. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $156.95. The stock has a market capitalization of $8.45 billion, a PE ratio of 41.19, a price-to-earnings-growth ratio of 1.77 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. The stock's 50-day simple moving average is $118.63 and its 200 day simple moving average is $114.32.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results 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). Generac had a net margin of 5.33% and a return on equity of 14.15%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business posted $1.78 EPS. Generac's revenue was up 1.4% compared to the same quarter last year. Analysts expect that Generac Holdings Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $126.94, for a total transaction of $634,700.00. Following the transaction, the chief executive officer now owns 592,177 shares in the company, valued at $75,170,948.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GNRC shares. Robert W. Baird increased their target price on Generac from $112.00 to $129.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. TD Cowen lowered their price target on Generac from $165.00 to $144.00 and set an "outperform" rating on the stock in a report on Thursday, February 15th. Guggenheim cut Generac from a "buy" rating to a "neutral" rating in a report on Thursday, February 15th. OTR Global upgraded Generac from a "mixed" rating to a "positive" rating in a report on Tuesday, April 2nd. Finally, Canaccord Genuity Group upped their price target on Generac from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Friday. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Generac has a consensus rating of "Moderate Buy" and an average target price of $140.80.

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.

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