HM Payson & Co. Sells 337 Shares of Generac Holdings Inc. (NYSE:GNRC)

HM Payson & Co. lowered its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,029 shares of the technology company’s stock after selling 337 shares during the period. HM Payson & Co.’s holdings in Generac were worth $315,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its stake in Generac by 23.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,147 shares of the technology company’s stock valued at $182,000 after buying an additional 220 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Generac by 5.0% in the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock valued at $11,324,000 after acquiring an additional 3,426 shares during the period. Mesirow Financial Investment Management Inc. purchased a new position in Generac in the third quarter worth about $233,000. Sigma Planning Corp bought a new stake in shares of Generac during the 3rd quarter valued at about $207,000. Finally, Kampmann Melissa S. increased its position in shares of Generac by 19.0% during the 3rd quarter. Kampmann Melissa S. now owns 16,865 shares of the technology company’s stock valued at $2,680,000 after purchasing an additional 2,695 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Stock Up 4.6 %

Shares of GNRC opened at $136.85 on Monday. The business’s 50 day simple moving average is $148.62 and its 200-day simple moving average is $159.69. Generac Holdings Inc. has a 1 year low of $110.35 and a 1 year high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The stock has a market capitalization of $8.16 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50.

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%. As a group, equities analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. UBS Group raised their price objective on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Citigroup dropped their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Barclays initiated coverage on Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price objective for the company. Piper Sandler lowered 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. Finally, The Goldman Sachs Group decreased their price objective on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $174.00.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is currently 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.