Securian Asset Management Inc. Sells 487 Shares of Generac Holdings Inc. (NYSE:GNRC)

Securian Asset Management Inc. decreased its position in Generac Holdings Inc. (NYSE:GNRC) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,867 shares of the technology company’s stock after selling 487 shares during the quarter. Securian Asset Management Inc.’s holdings in Generac were worth $500,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Ariel Investments LLC raised its position in shares of Generac by 14.9% in the third quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock valued at $219,047,000 after purchasing an additional 261,050 shares during the period. Invesco Ltd. raised its position in shares of Generac by 9.9% in the third quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock valued at $177,956,000 after purchasing an additional 147,523 shares during the period. Impax Asset Management Group plc raised its position in shares of Generac by 3.3% in the third quarter. Impax Asset Management Group plc now owns 1,172,742 shares of the technology company’s stock valued at $127,151,000 after purchasing an additional 37,846 shares during the period. Northern Trust Corp raised its position in shares of Generac by 9.0% in the third quarter. Northern Trust Corp now owns 673,384 shares of the technology company’s stock valued at $73,372,000 after purchasing an additional 55,812 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Generac by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 665,629 shares of the technology company’s stock valued at $86,026,000 after purchasing an additional 15,490 shares during the period. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

GNRC has been the topic of several research analyst reports. Citigroup raised their price objective on shares of Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $149.00 price objective on shares of Generac in a research note on Thursday. Oppenheimer downgraded shares of Generac from an “outperform” rating to a “market perform” rating in a research note on Wednesday. OTR Global upgraded shares of Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. Finally, Truist Financial lifted their price target on shares of Generac from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $142.15.

Insiders Place Their Bets

In other Generac news, Director Nam Tran Nguyen sold 546 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $140.55, for a total transaction of $76,740.30. Following the completion of the sale, the director now directly owns 3,512 shares of the company’s stock, valued at approximately $493,611.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total transaction of $699,750.00. Following the completion of the transaction, the chief executive officer now directly owns 587,177 shares in the company, valued at approximately $82,175,421.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nam Tran Nguyen sold 546 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $140.55, for a total value of $76,740.30. Following the transaction, the director now owns 3,512 shares of the company’s stock, valued at $493,611.60. The disclosure for this sale can be found here. In the last three months, insiders sold 10,546 shares of company stock valued at $1,411,190. 2.80% of the stock is currently owned by insiders.

Generac Stock Performance

Generac stock opened at $144.14 on Friday. The stock has a 50-day simple moving average of $132.26 and a 200 day simple moving average of $123.03. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. Generac Holdings Inc. has a 12-month low of $79.86 and a 12-month high of $156.95. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 39.71, a P/E/G ratio of 2.08 and a beta of 1.41.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The business had revenue of $889.27 million during the quarter, compared to analysts’ expectations of $886.60 million. During the same period in the previous year, the business posted $0.63 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. On average, research analysts anticipate that Generac Holdings Inc. will post 6.08 earnings per share for the current fiscal 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.