Sentry Investment Management LLC Trims Position in Generac Holdings Inc. (NYSE:GNRC)

Sentry Investment Management LLC decreased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 21.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GNRC. Modus Advisors LLC bought a new position in Generac in the 4th quarter worth $27,000. Cranbrook Wealth Management LLC purchased a new position in shares of Generac during the fourth quarter valued at about $28,000. Versant Capital Management Inc raised its stake in Generac by 391.9% in 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 in the last quarter. Brooklyn Investment Group purchased a new stake in Generac in the third quarter worth about $31,000. Finally, SouthState Corp bought a new stake in Generac during the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total value of $787,500.00. Following the transaction, the chief executive officer now directly owns 570,825 shares of the company’s stock, valued at approximately $89,904,937.50. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

Generac Trading Up 0.2 %

Shares of NYSE:GNRC opened at $138.33 on Tuesday. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The stock’s fifty day moving average price is $152.70 and its 200-day moving average price is $160.60. The company has a market cap of $8.25 billion, a P/E ratio of 25.62, a PEG ratio of 1.44 and a beta of 1.42. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

Generac (NYSE:GNRC) last posted its 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 net margin of 7.36% and a return on equity of 18.17%. Sell-side analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GNRC shares. UBS Group increased their target price on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Truist Financial decreased their price objective on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus dropped their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company decreased their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” 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 assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and an average target price of $174.00.

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.