Federated Hermes Inc. Decreases Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Federated Hermes Inc. cut its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 95.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,566 shares of the technology company's stock after selling 145,795 shares during the quarter. Federated Hermes Inc.'s holdings in Generac were worth $978,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GNRC. State of Alaska Department of Revenue lifted its holdings in shares of Generac by 273.7% in the fourth quarter. State of Alaska Department of Revenue now owns 27,636 shares of the technology company's stock worth $3,571,000 after buying an additional 20,240 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Generac by 13.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 83,646 shares of the technology company's stock worth $10,810,000 after buying an additional 9,849 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Generac in the fourth quarter worth about $17,956,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of Generac by 40.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 146,470 shares of the technology company's stock worth $18,955,000 after buying an additional 42,208 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Generac by 607.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 22,829 shares of the technology company's stock worth $2,950,000 after buying an additional 19,600 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $115.22, for a total value of $576,100.00. Following the completion of the sale, the chief executive officer now owns 577,690 shares of the company's stock, valued at $66,561,441.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.80% of the company's stock.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of recent analyst reports. Canaccord Genuity Group increased their price target on shares of Generac from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, April 5th. Citigroup upped their price objective on shares of Generac from $124.00 to $128.00 and gave the stock a "neutral" rating in a research report on Monday, February 12th. OTR Global upgraded shares of Generac from a "mixed" rating to a "positive" rating in a research report on Tuesday, April 2nd. UBS Group decreased their price objective on shares of Generac from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Thursday, February 15th. Finally, TD Cowen decreased their price objective on shares of Generac from $165.00 to $144.00 and set an "outperform" rating on the stock in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $141.65.

Generac Trading Down 6.1 %

Shares of Generac stock traded down $8.33 on Wednesday, hitting $127.63. The stock had a trading volume of 3,335,536 shares, compared to its average volume of 1,096,944. 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 one year low of $79.86 and a one year high of $156.95. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 38.79, a PEG ratio of 1.82 and a beta of 1.45. The stock's 50-day simple moving average is $123.73 and its two-hundred day simple moving average is $117.77.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the business posted $1.78 EPS. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. As a group, sell-side analysts predict that Generac Holdings Inc. will post 6.3 EPS for the current 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.