Blue Grotto Capital LLC Purchases 32,163 Shares of Generac Holdings Inc. (NYSE:GNRC)

Blue Grotto Capital LLC boosted its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 20.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 189,203 shares of the technology company's stock after acquiring an additional 32,163 shares during the period. Generac comprises about 5.4% of Blue Grotto Capital LLC's holdings, making the stock its 6th biggest holding. Blue Grotto Capital LLC owned 0.32% of Generac worth $29,336,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its holdings in shares of Generac by 63.8% during the third quarter. Thrivent Financial for Lutherans now owns 4,006 shares of the technology company's stock valued at $637,000 after acquiring an additional 1,560 shares during the last quarter. Pathstone Holdings LLC raised its holdings in Generac by 10.2% in the 3rd quarter. Pathstone Holdings LLC now owns 17,011 shares of the technology company's stock valued at $2,703,000 after acquiring an additional 1,569 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Generac by 9.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 13,885 shares of the technology company's stock worth $2,206,000 after purchasing an additional 1,152 shares in the last quarter. Commerce Bank acquired a new position in shares of Generac during the 3rd quarter worth approximately $217,000. Finally, Advisors Asset Management Inc. grew its position in shares of Generac by 10.3% in the third quarter. Advisors Asset Management Inc. now owns 6,667 shares of the technology company's stock valued at $1,059,000 after purchasing an additional 625 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now owns 565,825 shares of the company's stock, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.90% of the company's stock.

Generac Stock Performance

NYSE GNRC traded down $3.98 during trading hours on Friday, hitting $127.11. The company had a trading volume of 596,441 shares, compared to its average volume of 889,223. The business has a 50 day moving average of $140.67 and a 200-day moving average of $157.70. The company has a market cap of $7.58 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 1-year low of $125.00 and a 1-year high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating 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 expect that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GNRC. Stifel Nicolaus lowered their price objective on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Robert W. Baird lowered their price target on Generac from $172.00 to $171.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Piper Sandler decreased their target price on shares of Generac from $185.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Wells Fargo & Company lowered their target price on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Finally, Barclays initiated coverage on shares of Generac in a research report on Wednesday, December 4th. They set an "equal weight" rating and a $189.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $174.38.

About Generac

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.