Thompson Investment Management Inc. Cuts Stake in Generac Holdings Inc. (NYSE:GNRC)

Thompson Investment Management Inc. decreased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 88.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,603 shares of the technology company’s stock after selling 43,514 shares during the period. Thompson Investment Management Inc.’s holdings in Generac were worth $869,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Modus Advisors LLC purchased a new stake in shares of Generac in the 4th quarter valued at $27,000. Versant Capital Management Inc boosted its position in Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after buying an additional 145 shares during the period. Cranbrook Wealth Management LLC purchased a new stake in Generac during the 4th quarter valued at $28,000. Brooklyn Investment Group purchased a new stake in Generac during the 3rd quarter valued at $31,000. Finally, SouthState Corp purchased a new stake in Generac during the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on GNRC shares. TD Cowen upped their price objective on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Truist Financial decreased their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Barclays started coverage on shares of Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price objective for the company. Citigroup decreased their price objective on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Roth Mkm upped their price objective on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $173.55.

Generac Stock Performance

GNRC opened at $142.22 on Friday. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The company has a market cap of $8.46 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 1.44 and a beta of 1.42. The company’s 50 day moving average is $159.98 and its 200 day moving average is $160.85. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94.

Insiders Place Their Bets

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

About Generac

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.