Thoroughbred Financial Services LLC purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,886 shares of the technology company's stock, valued at approximately $447,000.
Other hedge funds have also recently bought and sold shares of the company. ExodusPoint Capital Management LP bought a new position in shares of Generac in the 4th quarter valued at about $4,610,000. OneAscent Financial Services LLC acquired a new stake in Generac in the 4th quarter valued at about $297,000. Bryce Point Capital LLC acquired a new position in Generac during the fourth quarter worth approximately $475,000. Columbia Asset Management bought a new stake in Generac in the fourth quarter valued at approximately $1,015,000. Finally, Scholtz & Company LLC acquired a new stake in shares of Generac in the fourth quarter valued at approximately $1,836,000. 84.04% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on GNRC shares. Piper Sandler decreased their target price on Generac from $185.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. The Goldman Sachs Group dropped their price objective on shares of Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Truist Financial lowered their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Finally, Wells Fargo & Company reduced their price objective on Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Generac presently has an average rating of "Moderate Buy" and a consensus target price of $175.60.
View Our Latest Report on Generac
Generac Price Performance
GNRC traded up $1.74 on Friday, hitting $110.15. 767,492 shares of the stock were exchanged, compared to its average volume of 889,276. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.44 and a beta of 1.58. 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 Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $195.94. The business has a 50-day moving average of $131.34 and a two-hundred day moving average of $155.14.
Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates 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 forecast that Generac Holdings Inc. will post 8 EPS for the current fiscal year.
Insider Buying and Selling at Generac
In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.90% of the company's stock.
About Generac
(
Free Report)
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.
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