First Bank & Trust Sells 1,211 Shares of Generac Holdings Inc. (NYSE:GNRC)

First Bank & Trust lessened its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,186 shares of the technology company’s stock after selling 1,211 shares during the quarter. First Bank & Trust’s holdings in Generac were worth $1,424,000 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 shares of Generac during the 4th quarter worth approximately $27,000. Versant Capital Management Inc raised its stake in shares of Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after acquiring an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC bought a new position in shares of Generac during the 4th quarter worth approximately $28,000. Brooklyn Investment Group bought a new position in shares of Generac during the 3rd quarter worth approximately $31,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Generac during the 4th quarter worth approximately $31,000. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

GNRC has been the topic of several research analyst reports. Piper Sandler dropped their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Wells Fargo & Company dropped their target price on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group dropped their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Barclays initiated coverage on shares of Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 target price on the stock. Finally, Truist Financial dropped their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. One equities research 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred 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. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.90% of the company’s stock.

Generac Stock Down 1.1 %

Shares of GNRC stock opened at $142.26 on Thursday. The stock has a 50 day moving average of $154.57 and a 200 day moving average of $160.49. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The stock has a market cap of $8.46 billion, a P/E ratio of 26.34, a P/E/G ratio of 1.52 and a beta of 1.42. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94.

Generac (NYSE:GNRC) last announced its quarterly 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%. As a group, sell-side analysts expect that Generac Holdings Inc. will post 8.04 EPS for the current year.

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.