Peregrine Asset Advisers Inc. Has $697,000 Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Peregrine Asset Advisers Inc. decreased its position in Generac Holdings Inc. (NYSE:GNRC) by 9.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,495 shares of the technology company’s stock after selling 480 shares during the period. Peregrine Asset Advisers Inc.’s holdings in Generac were worth $697,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of GNRC. Modus Advisors LLC bought a new stake in shares of Generac in the fourth quarter worth $27,000. Cranbrook Wealth Management LLC acquired a new stake in Generac in the 4th quarter valued at $28,000. Versant Capital Management Inc increased its stake in Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after buying an additional 145 shares during the last quarter. Brooklyn Investment Group bought a new stake in Generac during the 3rd quarter worth about $31,000. Finally, SouthState Corp acquired a new position in shares of Generac during the 3rd quarter worth about $32,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the sale, the chief executive officer now owns 570,825 shares in the company, valued at $89,904,937.50. The trade was a 0.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group lifted their target price on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Robert W. Baird lowered their price target on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. TD Cowen increased their price objective on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus decreased their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Finally, StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Trading Down 0.5 %

Shares of NYSE:GNRC opened at $137.87 on Friday. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The business has a 50 day moving average of $153.28 and a 200-day moving average of $160.31. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The stock has a market cap of $8.20 billion, a PE ratio of 25.53, a P/E/G ratio of 1.48 and a beta of 1.42.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (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 research analysts forecast that Generac Holdings Inc. will post 8 earnings per share 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.