EntryPoint Capital LLC Buys Shares of 3,443 Generac Holdings Inc. (NYSE:GNRC)

EntryPoint Capital LLC bought a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,443 shares of the technology company's stock, valued at approximately $534,000.

Other hedge funds have also added to or reduced their stakes in the company. Barnett & Company Inc. increased its stake in Generac by 5.3% in the 4th quarter. Barnett & Company Inc. now owns 22,670 shares of the technology company's stock worth $3,515,000 after acquiring an additional 1,145 shares during the last quarter. Dillon & Associates Inc. lifted its position in Generac by 20.1% during the fourth quarter. Dillon & Associates Inc. now owns 15,163 shares of the technology company's stock valued at $2,350,000 after purchasing an additional 2,542 shares during the last quarter. Emerald Advisers LLC purchased a new position in Generac in the 4th quarter worth approximately $209,000. Vanguard Group Inc. increased its holdings in shares of Generac by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company's stock worth $1,053,650,000 after buying an additional 47,450 shares during the last quarter. Finally, Stevens Capital Management LP bought a new stake in Generac during the fourth quarter worth about $358,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on GNRC shares. Bank of America initiated coverage on shares of Generac in a research note on Monday. They set a "buy" rating and a $182.00 price target on the stock. Wells Fargo & Company cut their price target on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Citigroup reduced their price objective on Generac from $172.00 to $162.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus lowered their target price on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Finally, Piper Sandler reduced their price target on Generac from $185.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $174.38.

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Generac Stock Down 3.1 %

Shares of NYSE GNRC traded down $4.09 on Friday, reaching $127.00. 303,782 shares of the company's stock traded hands, compared to its average volume of 843,180. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The business's 50 day simple moving average is $141.35 and its two-hundred day simple moving average is $157.70. Generac Holdings Inc. has a 12 month low of $125.00 and a 12 month high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. As a group, equities research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the sale, the chief executive officer now directly owns 570,825 shares in the company, valued at $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.90% of the company's stock.

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.