Asio Capital LLC Reduces Position in Generac Holdings Inc. (NYSE:GNRC)

Asio Capital LLC reduced its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 40.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,187 shares of the technology company's stock after selling 8,292 shares during the quarter. Asio Capital LLC's holdings in Generac were worth $1,890,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in Generac by 114.8% in the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company's stock worth $88,944,000 after purchasing an additional 299,205 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Generac by 21.4% during the second quarter. Mackenzie Financial Corp now owns 420,121 shares of the technology company's stock worth $55,548,000 after buying an additional 74,115 shares during the period. Disciplined Growth Investors Inc. MN lifted its stake in shares of Generac by 5.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company's stock worth $61,262,000 after buying an additional 20,576 shares during the period. Jennison Associates LLC acquired a new stake in shares of Generac during the third quarter worth $45,722,000. Finally, International Assets Investment Management LLC lifted its stake in shares of Generac by 25,311.7% during the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company's stock worth $42,433,000 after buying an additional 266,026 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Generac

In other Generac news, CFO York A. Ragen sold 29,081 shares of the 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 sale, the chief financial officer now directly owns 135,613 shares in the company, valued at $25,051,789.49. This represents a 17.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the sale, the chief executive officer now owns 557,177 shares in the company, valued at approximately $92,825,688.20. This trade represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,268 shares of company stock worth $7,577,703. 2.90% of the stock is currently owned by insiders.

Generac Trading Up 0.7 %

Shares of Generac stock traded up $1.06 during mid-day trading on Friday, hitting $157.40. The stock had a trading volume of 739,411 shares, compared to its average volume of 558,394. The firm has a 50-day moving average of $167.98 and a two-hundred day moving average of $161.43. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The firm has a market cap of $9.37 billion, a P/E ratio of 32.65, a price-to-earnings-growth ratio of 1.60 and a beta of 1.42.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the prior year, the company posted $1.64 EPS. The business's revenue for the quarter was up 9.6% on a year-over-year basis. Sell-side analysts forecast that Generac Holdings Inc. will post 6.91 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on GNRC shares. The Goldman Sachs Group lifted their price objective on shares of Generac from $148.00 to $193.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on shares of Generac from $160.00 to $178.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Stifel Nicolaus boosted their target price on shares of Generac from $185.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. 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. Finally, Citigroup decreased their target price on shares of Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Generac currently has a consensus rating of "Moderate Buy" and an average target price of $174.30.

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.