Polen Capital Management LLC Sells 13,486 Shares of Generac Holdings Inc. (NYSE:GNRC)

Polen Capital Management LLC lessened its holdings in Generac Holdings Inc. (NYSE:GNRC) by 23.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,416 shares of the technology company’s stock after selling 13,486 shares during the period. Polen Capital Management LLC owned about 0.07% of Generac worth $6,887,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Modus Advisors LLC bought a new position in Generac in the fourth quarter valued at about $27,000. Versant Capital Management Inc boosted its stake in shares of Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC acquired a new stake in shares of Generac during the fourth quarter valued at about $28,000. Brooklyn Investment Group acquired a new stake in shares of Generac during the third quarter valued at about $31,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Generac during the fourth quarter valued at about $31,000. Institutional investors own 84.04% of the company’s stock.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was 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 in the company, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of recent research reports. UBS Group lifted their price target on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Stifel Nicolaus cut their price target on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group cut 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. Piper Sandler cut their price objective on Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note 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 on the stock in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Trading Up 2.1 %

NYSE GNRC opened at $130.41 on Monday. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 52 week low of $110.86 and a 52 week high of $195.94. The business has a 50 day moving average price of $146.05 and a 200-day moving average price of $158.82. 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 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 return on equity of 18.17% and a net margin of 7.36%. As a group, equities analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

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.