Bryce Point Capital LLC Makes New $475,000 Investment in Generac Holdings Inc. (NYSE:GNRC)

Bryce Point Capital LLC bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,065 shares of the technology company's stock, valued at approximately $475,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Allworth Financial LP boosted its position in Generac by 3.0% in the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock valued at $435,000 after buying an additional 80 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in Generac by 42.0% in the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock worth $44,000 after purchasing an additional 84 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of Generac by 6.3% during the 4th quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company's stock valued at $235,000 after acquiring an additional 90 shares during the period. Personal CFO Solutions LLC raised its holdings in shares of Generac by 5.1% during the fourth quarter. Personal CFO Solutions LLC now owns 2,097 shares of the technology company's stock valued at $325,000 after purchasing an additional 102 shares during the period. Finally, Retirement Systems of Alabama boosted its holdings in Generac by 0.8% in the third quarter. Retirement Systems of Alabama now owns 13,476 shares of the technology company's stock worth $2,141,000 after acquiring an additional 105 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

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Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the transaction, the chief executive officer now owns 565,825 shares of the company's stock, valued at $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on GNRC shares. The Goldman Sachs Group reduced their price target on shares of Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Truist Financial decreased their target price on shares of Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company dropped their target price on Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Bank of America began coverage on shares of Generac in a research report on Monday, March 24th. They set a "buy" rating and a $182.00 price target on the stock. Finally, Citigroup reduced their target price on Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.60.

Generac Price Performance

Shares of GNRC traded down $8.23 during midday trading on Thursday, hitting $106.42. 435,084 shares of the company traded hands, compared to its average volume of 886,762. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $195.94. The firm has a market cap of $6.34 billion, a P/E ratio of 19.66, 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. The stock has a 50-day moving average of $132.70 and a 200-day moving average of $155.69.

Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

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.