Marshall Wace LLP decreased its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 35.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,213 shares of the technology company's stock after selling 32,095 shares during the quarter. Marshall Wace LLP owned approximately 0.10% of Generac worth $9,181,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Hurley Capital LLC bought a new stake in Generac in the fourth quarter worth approximately $26,000. Modus Advisors LLC acquired a new position in shares of Generac during the 4th quarter valued at $27,000. Versant Capital Management Inc boosted its stake in Generac by 391.9% during the fourth 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 Generac in the fourth quarter worth $28,000. Finally, Bank of Jackson Hole Trust bought a new stake in Generac in the fourth quarter valued at $31,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.90% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. Bank of America assumed coverage on Generac in a research note on Monday, March 24th. They issued a "buy" rating and a $182.00 target price for the company. Piper Sandler decreased their price objective on Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Citigroup upgraded Generac from a "neutral" rating to a "buy" rating and cut their target price for the stock from $162.00 to $138.00 in a report on Thursday, April 17th. The Goldman Sachs Group decreased their price target on shares of Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Finally, Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Generac presently has a consensus rating of "Moderate Buy" and an average target price of $173.40.
Get Our Latest Stock Analysis on Generac
Generac Stock Performance
Generac stock traded down $0.84 during mid-day trading on Friday, reaching $112.97. The company's stock had a trading volume of 551,930 shares, compared to its average volume of 868,582. The company has a market capitalization of $6.73 billion, a P/E ratio of 20.92, a PEG ratio of 1.44 and a beta of 1.58. The firm's fifty day moving average price is $125.24 and its two-hundred day moving average price is $152.16. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month 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 issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (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%. Sell-side analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.
About Generac
(
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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