Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its stake in Generac Holdings Inc. (NYSE:GNRCFree Report) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,049 shares of the technology company’s stock after selling 312 shares during the quarter. Amalgamated Bank’s holdings in Generac were worth $2,076,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in Generac by 1,066.7% in the first quarter. Parkside Financial Bank & Trust now owns 140 shares of the technology company’s stock worth $42,000 after purchasing an additional 128 shares during the period. Comerica Bank acquired a new stake in Generac in the 2nd quarter valued at about $230,000. Zions Bancorporation N.A. lifted its holdings in Generac by 85.7% in the 2nd quarter. Zions Bancorporation N.A. now owns 182 shares of the technology company’s stock valued at $27,000 after acquiring an additional 84 shares during the last quarter. Bartlett & Co. LLC acquired a new stake in Generac in the 3rd quarter valued at about $26,000. Finally, Castleview Partners LLC acquired a new stake in Generac in the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 87.59% of the company’s stock.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $116.76, for a total transaction of $583,800.00. Following the transaction, the chief executive officer now owns 587,690 shares of the company’s stock, valued at $68,618,684.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Generac news, EVP Rajendra Kumar Kanuru sold 250 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $116.76, for a total transaction of $29,190.00. Following the transaction, the executive vice president now owns 15,618 shares in the company, valued at $1,823,557.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $116.76, for a total value of $583,800.00. Following the transaction, the chief executive officer now owns 587,690 shares in the company, valued at approximately $68,618,684.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,250 shares of company stock valued at $1,825,490. 2.80% of the stock is currently owned by corporate insiders.

Generac Price Performance

Shares of GNRC opened at $130.47 on Tuesday. The firm has a market cap of $8.01 billion, a PE ratio of 51.16, a PEG ratio of 1.73 and a beta of 1.45. The firm’s 50 day moving average price is $122.19 and its 200 day moving average price is $113.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 2.41. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $156.95.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on shares of Generac from $179.00 to $164.00 and set an “overweight” rating for the company in a report on Thursday, October 19th. Stifel Nicolaus reissued a “buy” rating and issued a $135.00 price target on shares of Generac in a report on Monday, December 4th. Bank of America upgraded Generac from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $76.00 to $110.00 in a report on Wednesday, November 15th. Citigroup raised their target price on shares of Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Guggenheim upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $142.00 target price for the company in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.53.

Check Out Our Latest Research Report on Generac

Generac Profile

(Free Report)

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, energy management devices and solutions, and other power products for the residential, light commercial, and industrial markets worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; residential storage solution consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; Mobile Link, a remote monitoring system for home standby generators; smart home solutions, such as smart thermostats and a suite of home monitoring products; smart water heater controllers; residential clean energy solutions; and portable and inverter generators; outdoor power equipment, including trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, and pressure washers and water pumps; and battery-powered turf care products.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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