Peregrine Capital Management LLC Lowers Stake in Generac Holdings Inc. (NYSE:GNRC)

Peregrine Capital Management LLC trimmed its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 13.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,984 shares of the technology company's stock after selling 7,624 shares during the quarter. Peregrine Capital Management LLC owned 0.08% of Generac worth $6,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its holdings in Generac by 1,066.7% during the first quarter. Parkside Financial Bank & Trust now owns 140 shares of the technology company's stock worth $42,000 after acquiring an additional 128 shares during the period. Comerica Bank purchased a new position in shares of Generac in the 2nd quarter worth about $230,000. BKM Wealth Management LLC bought a new position in Generac during the fourth quarter valued at about $28,000. Bartlett & Co. LLC purchased a new stake in Generac during the third quarter worth about $26,000. Finally, Headlands Technologies LLC bought a new stake in Generac in the third quarter worth about $28,000. Institutional investors own 84.04% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Roth Mkm raised their price target on shares of Generac from $105.00 to $118.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 6th. Canaccord Genuity Group upped their price target on Generac from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, April 5th. TD Cowen decreased their price objective on Generac from $165.00 to $144.00 and set an "outperform" rating for the company in a report on Thursday, February 15th. UBS Group dropped their price objective on shares of Generac from $160.00 to $150.00 and set a "buy" rating on the stock in a report on Thursday, February 15th. Finally, Guggenheim downgraded shares of Generac from a "buy" rating to a "neutral" rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $140.80.

Generac Price Performance

Shares of GNRC stock traded down $0.79 during trading on Thursday, hitting $136.08. The company had a trading volume of 810,933 shares, compared to its average volume of 1,023,071. The stock's 50-day moving average is $120.00 and its two-hundred day moving average is $114.86. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 41.36, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45. The company has a quick ratio of 0.94, a current ratio of 2.27 and a debt-to-equity ratio of 0.62. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $156.95.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly 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). Generac had a return on equity of 14.15% and a net margin of 5.33%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the company earned $1.78 EPS. Generac's quarterly revenue was up 1.4% on a year-over-year basis. As a group, analysts predict that Generac Holdings Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the transaction, the chief executive officer now directly owns 592,177 shares in the company, valued at $75,170,948.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.80% of the company's stock.

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.