Nicollet Investment Management Inc. Decreases Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Nicollet Investment Management Inc. trimmed its position in Generac Holdings Inc. (NYSE:GNRC) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,784 shares of the technology company’s stock after selling 153 shares during the period. Nicollet Investment Management Inc.’s holdings in Generac were worth $1,029,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Teacher Retirement System of Texas raised its holdings in Generac by 91.7% during the 4th quarter. Teacher Retirement System of Texas now owns 9,183 shares of the technology company’s stock valued at $1,187,000 after buying an additional 4,393 shares during the period. DAVENPORT & Co LLC increased its holdings in shares of Generac by 831.1% in the first quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock valued at $30,288,000 after purchasing an additional 214,322 shares during the period. Capital World Investors acquired a new stake in Generac during the 4th quarter valued at approximately $155,707,000. BNP Paribas Financial Markets raised its position in Generac by 177.2% during the fourth quarter. BNP Paribas Financial Markets now owns 132,904 shares of the technology company’s stock valued at $17,177,000 after acquiring an additional 84,958 shares in the last quarter. Finally, Kampmann Melissa S. purchased a new stake in shares of Generac during the 4th quarter worth about $750,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on GNRC shares. Scotiabank increased their price objective on Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. The Goldman Sachs Group boosted their target price on Generac from $129.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. TD Cowen lifted their price objective on shares of Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird lifted their price target on shares of Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, Guggenheim lowered shares of Generac from a “neutral” rating to a “sell” rating and set a $120.00 target price on the stock. in a research report on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $154.71.

Generac Stock Up 0.2 %

NYSE GNRC opened at $142.60 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. Generac Holdings Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $169.57. The business has a 50 day moving average price of $149.33 and a two-hundred day moving average price of $137.99. The stock has a market cap of $8.58 billion, a PE ratio of 39.28, a P/E/G ratio of 1.79 and a beta of 1.38.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. The firm had revenue of $998.20 million for the quarter, compared to analyst estimates of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 EPS. As a group, sell-side analysts predict that Generac Holdings Inc. will post 6.49 EPS for the current fiscal year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $133.39, for a total transaction of $666,950.00. Following the completion of the sale, the chief executive officer now owns 577,177 shares of the company’s stock, valued at approximately $76,989,640.03. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.80% of the company’s stock.

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.