Skylands Capital LLC significantly reduced its stake in Generac Holdings Inc. (NYSE:GNRC) by 39% in the third quarter, selling 15,425 shares and retaining 24,160 shares valued at approximately $4.04 million. Despite this, Wall Street sentiment for Generac has improved, with upgrades from Citigroup and JPMorgan, resulting in a “Moderate Buy” consensus rating and a target price of $195.29. Generac’s shares recently opened down about 2% at $182.18, and the company missed analyst EPS estimates for the last quarter.
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Generac Holdings Inc. $GNRC Shares Sold by Skylands Capital LLC
Skylands Capital LLC significantly reduced its stake in Generac Holdings Inc. (NYSE:GNRC) by 39% in the third quarter, selling 15,425 shares and retaining 24,160 shares valued at approximately $4.04 million. Despite this, Wall Street sentiment for Generac has improved, with upgrades from Citigroup and JPMorgan, resulting in a “Moderate Buy” consensus rating and a target price of $195.29. Generac’s shares recently opened down about 2% at $182.18, and the company missed analyst EPS estimates for the last quarter.