Pictet Asset Management Holding SA Sells 1,486 Shares of Generac Holdings Inc. (NYSE:GNRC)

Pictet Asset Management Holding SA cut its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,435 shares of the technology company’s stock after selling 1,486 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Generac were worth $2,083,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB purchased a new position in shares of Generac in the fourth quarter valued at $5,229,000. Global Financial Private Client LLC purchased a new position in Generac during the 4th quarter valued at about $614,000. Franklin Resources Inc. increased its position in shares of Generac by 106.1% during the third quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock valued at $4,998,000 after buying an additional 14,811 shares during the period. Barclays PLC lifted its holdings in shares of Generac by 41.4% in the third quarter. Barclays PLC now owns 185,193 shares of the technology company’s stock worth $29,425,000 after buying an additional 54,202 shares in the last quarter. Finally, Dakota Wealth Management boosted its position in shares of Generac by 59.1% in the fourth quarter. Dakota Wealth Management now owns 48,998 shares of the technology company’s stock valued at $7,597,000 after acquiring an additional 18,197 shares during the period. Institutional investors own 84.04% of the company’s stock.

Generac Stock Down 3.2 %

GNRC opened at $111.97 on Friday. The company has a market cap of $6.67 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a 12 month low of $105.41 and a 12 month high of $195.94. The business’s 50-day moving average price is $136.90 and its 200-day moving average price is $156.90. 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 released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating 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, equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GNRC. Stifel Nicolaus lowered their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Truist Financial lowered their price objective on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Guggenheim upgraded Generac from a “sell” rating to a “neutral” rating in a research report on Monday, March 17th. Wells Fargo & Company lowered their price target on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Finally, Robert W. Baird cut their price objective on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.38.

Insider Buying and Selling at Generac

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

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.