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Mitsubishi UFJ Trust & Banking Corp Cuts Holdings in Generac Holdings Inc. $GNRC
Mitsubishi UFJ Trust & Banking Corp significantly reduced its stake in Generac Holdings Inc. by 52.1% in the fourth quarter, selling 5,757 shares and retaining 5,298 shares valued at $722,000. This comes as CFO York A. Ragen also sold a portion of his holdings. Despite these sales, Generac reported strong Q4 earnings, beating expectations with $1.80 EPS and $1.06 billion revenue, and analysts maintain a “Moderate Buy” consensus rating with an average price target of $270.31.