Centre Asset Management LLC Has $9.43 Million Holdings in Generac Holdings Inc. (NYSE:GNRC)

Centre Asset Management LLC decreased its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,834 shares of the technology company's stock after selling 4,872 shares during the period. Generac accounts for approximately 2.2% of Centre Asset Management LLC's portfolio, making the stock its 19th biggest position. Centre Asset Management LLC owned about 0.10% of Generac worth $9,432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sunbelt Securities Inc. lifted its stake in shares of Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Modus Advisors LLC bought a new position in Generac during the fourth quarter valued at about $27,000. Versant Capital Management Inc lifted its position in shares of Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock worth $28,000 after buying an additional 145 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Generac during the 3rd quarter worth about $31,000. Finally, SouthState Corp acquired a new position in shares of Generac during the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GNRC shares. Piper Sandler boosted their target price on Generac from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Stifel Nicolaus upped their price objective on shares of Generac from $185.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Truist Financial lifted their target price on shares of Generac from $170.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Roth Mkm upped their price target on shares of Generac from $160.00 to $175.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Finally, StockNews.com upgraded Generac from a "hold" rating to a "buy" rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $175.30.

Generac Price Performance

Shares of GNRC traded up $1.88 during mid-day trading on Friday, reaching $158.88. The company had a trading volume of 584,149 shares, compared to its average volume of 684,324. The company's 50-day moving average is $173.81 and its 200-day moving average is $158.96. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The company has a market capitalization of $9.45 billion, a P/E ratio of 32.96, a P/E/G ratio of 2.04 and a beta of 1.39. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same period last year, the business earned $1.64 earnings per share. The business's revenue was up 9.6% on a year-over-year basis. On average, equities analysts anticipate that Generac Holdings Inc. will post 6.84 EPS for the current year.

Insider Buying and Selling at Generac

In other news, CFO York A. Ragen sold 29,081 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the transaction, the chief financial officer now directly owns 135,613 shares in the company, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the sale, the chief executive officer now directly owns 570,825 shares of the company's stock, valued at approximately $89,904,937.50. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,268 shares of company stock worth $7,577,703 over the last ninety days. Corporate insiders own 2.90% of the company's stock.

Generac 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.