Peregrine Asset Advisers Inc. Sells 480 Shares of Generac Holdings Inc. (NYSE:GNRC)

Peregrine Asset Advisers Inc. lowered its stake in Generac Holdings Inc. (NYSE:GNRC) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,495 shares of the technology company’s stock after selling 480 shares during the period. Peregrine Asset Advisers Inc.’s holdings in Generac were worth $697,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. ING Groep NV increased its stake in Generac by 90.4% in the fourth quarter. ING Groep NV now owns 5,299 shares of the technology company’s stock valued at $822,000 after acquiring an additional 2,516 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Generac in the 4th quarter valued at $31,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Generac in the 4th quarter valued at $1,439,000. Venturi Wealth Management LLC raised its holdings in shares of Generac by 42.0% during the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock worth $44,000 after buying an additional 84 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of Generac by 3.7% during the 4th quarter. D.A. Davidson & CO. now owns 9,082 shares of the technology company’s stock worth $1,408,000 after buying an additional 328 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of recent analyst reports. TD Cowen lifted their target price on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, November 1st. UBS Group raised their price target on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Piper Sandler lowered their price objective on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. The Goldman Sachs Group dropped their price objective on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Finally, Robert W. Baird decreased their target price on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.00.

Generac Stock Down 0.5 %

Shares of GNRC opened at $137.87 on Friday. The stock’s 50-day moving average price is $153.28 and its two-hundred day moving average price is $160.31. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The company has a market capitalization of $8.20 billion, a PE ratio of 25.53, a PEG ratio of 1.48 and a beta of 1.42. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. On average, analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

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.