Impax Asset Management Group plc Has $129.89 Million Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Impax Asset Management Group plc decreased its position in Generac Holdings Inc. (NYSE:GNRC) by 9.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 843,412 shares of the technology company’s stock after selling 92,730 shares during the period. Impax Asset Management Group plc owned approximately 1.42% of Generac worth $129,891,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GNRC. Skylands Capital LLC grew its stake in Generac by 21.0% in the fourth quarter. Skylands Capital LLC now owns 36,500 shares of the technology company’s stock valued at $5,659,000 after acquiring an additional 6,330 shares during the period. Rothschild Investment LLC lifted its holdings in shares of Generac by 25.8% during the 4th quarter. Rothschild Investment LLC now owns 531 shares of the technology company’s stock valued at $82,000 after purchasing an additional 109 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in shares of Generac by 117.2% in the 4th quarter. Capital Advisors Ltd. LLC now owns 556 shares of the technology company’s stock valued at $86,000 after purchasing an additional 300 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Generac during the 4th quarter worth approximately $352,000. Finally, Richardson Capital Management LLC acquired a new stake in Generac during the 4th quarter worth approximately $76,000. Institutional investors own 84.04% of the company’s stock.

Generac Trading Down 0.5 %

Shares of NYSE:GNRC opened at $137.87 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The company has a 50-day simple moving average of $153.28 and a 200 day simple moving average of $160.62. The company has a market capitalization of $8.22 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Sell-side analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GNRC shares. Wells Fargo & Company lowered their price objective on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Citigroup lowered their target price on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group dropped their price target on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. UBS Group upped their price objective on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Piper Sandler dropped their target price on Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.00.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the sale, the chief executive officer now owns 570,825 shares in the company, valued at $89,904,937.50. The trade was a 0.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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.