Thompson Investment Management Inc. Sells 43,514 Shares of Generac Holdings Inc. (NYSE:GNRC)

Thompson Investment Management Inc. lowered its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 88.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,603 shares of the technology company’s stock after selling 43,514 shares during the period. Thompson Investment Management Inc.’s holdings in Generac were worth $869,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Modus Advisors LLC bought a new position in Generac during the fourth quarter worth $27,000. Cranbrook Wealth Management LLC bought a new position in Generac during the fourth quarter worth $28,000. Versant Capital Management Inc raised its stake in Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after buying an additional 145 shares during the last quarter. Brooklyn Investment Group bought a new position in Generac during the third quarter worth $31,000. Finally, SouthState Corp bought a new stake in Generac in the third quarter valued at $32,000. Institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

NYSE GNRC opened at $142.22 on Friday. The company’s 50 day moving average is $159.98 and its 200-day moving average is $160.85. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The firm has a market cap of $8.46 billion, a P/E ratio of 29.51, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Truist Financial reduced their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group lifted their price objective on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus lifted their price objective on shares of Generac from $185.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and an average price target of $173.55.

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.