Sentry Investment Management LLC Sells 724 Shares of Generac Holdings Inc. (NYSE:GNRC)

Sentry Investment Management LLC reduced its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 21.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,722 shares of the technology company’s stock after selling 724 shares during the quarter. Sentry Investment Management LLC’s holdings in Generac were worth $422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GNRC. Jennison Associates LLC lifted its holdings in Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after purchasing an additional 384,434 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Generac by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after buying an additional 299,205 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Generac by 25,311.7% in the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock worth $42,433,000 after buying an additional 266,026 shares in the last quarter. Stephens Investment Management Group LLC boosted its position in shares of Generac by 678.5% in the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock valued at $30,560,000 after acquiring an additional 167,641 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in Generac by 819.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 183,254 shares of the technology company’s stock valued at $28,738,000 after acquiring an additional 163,323 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on GNRC. Citigroup lowered their target price 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. Robert W. Baird lowered their price objective on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Barclays initiated coverage on Generac in a research note on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective for the company. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company dropped their price target on Generac from $175.00 to $165.00 and set an “equal weight” rating for the company 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 issued a buy rating to the stock. According to MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and an average target price of $174.00.

Generac Stock Performance

NYSE GNRC opened at $138.33 on Tuesday. The company has a 50-day simple moving average of $152.70 and a two-hundred day simple moving average of $160.60. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 1.44 and a beta of 1.42. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate 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 forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.

Generac Company 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.