Kennedy Capital Management LLC trimmed its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,561 shares of the technology company's stock after selling 14,004 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.15% of Generac worth $13,576,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. Hurley Capital LLC purchased a new position in shares of Generac during the 4th quarter worth $26,000. Modus Advisors LLC acquired a new stake in Generac in the 4th quarter valued at about $27,000. Versant Capital Management Inc raised its position in shares of Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock worth $28,000 after acquiring an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC acquired a new stake in shares of Generac during the 4th quarter worth about $28,000. Finally, Bank of Jackson Hole Trust purchased a new position in Generac during the 4th quarter worth approximately $31,000. 84.04% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on GNRC shares. Wells Fargo & Company decreased their price target on Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Citigroup lowered their price target on Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. UBS Group increased their target price on Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Guggenheim raised Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Finally, Robert W. Baird cut their price target on Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.60.
Read Our Latest Stock Report on Generac
Insider Buying and Selling at Generac
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on 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 approximately $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.90% of the company's stock.
Generac Price Performance
GNRC opened at $114.79 on Thursday. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $195.94. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $132.70 and a 200 day moving average price of $155.69.
Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data 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%. Analysts forecast that Generac Holdings Inc. will post 8 EPS for the current fiscal year.
Generac Company Profile
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Free Report)
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.
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