State of Tennessee Department of Treasury Sells 10,263 Shares of Generac Holdings Inc. (NYSE:GNRC)

State of Tennessee Department of Treasury decreased its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 17.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,482 shares of the technology company's stock after selling 10,263 shares during the quarter. State of Tennessee Department of Treasury owned approximately 0.08% of Generac worth $7,672,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. MetLife Investment Management LLC raised its holdings in shares of Generac by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock valued at $2,636,000 after buying an additional 77 shares during the period. Allworth Financial LP grew its position in Generac by 3.0% in the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock valued at $435,000 after acquiring an additional 80 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Generac by 42.0% during the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after purchasing an additional 84 shares during the period. Wedbush Securities Inc. boosted its stake in shares of Generac by 3.9% in the fourth quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company's stock valued at $347,000 after purchasing an additional 84 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in Generac by 61.7% during the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock valued at $35,000 after purchasing an additional 87 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Trading Up 0.8 %

GNRC stock traded up $0.96 during midday trading on Wednesday, reaching $114.20. The company's stock had a trading volume of 421,171 shares, compared to its average volume of 874,092. The business's 50-day simple moving average is $123.54 and its 200-day simple moving average is $150.83. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94. The stock has a market cap of $6.81 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.29. Generac had a net margin of 7.36% and a return on equity of 18.17%. The firm's revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. As a group, sell-side analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the transaction, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GNRC shares. Bank of America initiated coverage on Generac in a research report on Monday, March 24th. They issued a "buy" rating and a $182.00 target price on the stock. The Goldman Sachs Group cut their price target on shares of Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Piper Sandler decreased their price objective on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Finally, Wells Fargo & Company reduced their price target on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $173.40.

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.