Assenagon Asset Management S.A. Has $7.16 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

Assenagon Asset Management S.A. increased its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 462.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 46,147 shares of the technology company's stock after buying an additional 37,947 shares during the period. Assenagon Asset Management S.A. owned about 0.08% of Generac worth $7,155,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Modus Advisors LLC bought a new position in shares of Generac during the fourth quarter worth about $27,000. Versant Capital Management Inc increased its stake in shares of Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock valued at $28,000 after purchasing an additional 145 shares during the period. Brooklyn Investment Group acquired a new position in shares of Generac during the third quarter worth approximately $31,000. SouthState Corp bought a new position in Generac in the 3rd quarter worth approximately $32,000. Finally, Sunbelt Securities Inc. increased its position in Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock valued at $27,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Trading Up 0.5 %

NYSE GNRC traded up $0.84 on Monday, hitting $161.12. 653,349 shares of the stock were exchanged, compared to its average volume of 583,297. The company's 50-day moving average price is $170.92 and its two-hundred day moving average price is $160.92. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 33.43, a P/E/G ratio of 1.59 and a beta of 1.42.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GNRC shares. Truist Financial decreased their price target on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday. StockNews.com upgraded shares of Generac from a "hold" rating to a "buy" rating in a research report on Monday, October 28th. Robert W. Baird decreased their price objective on shares of Generac from $187.00 to $181.00 and set a "neutral" rating for the company in a report on Friday, November 1st. The Goldman Sachs Group boosted their target price on Generac from $148.00 to $193.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price target on Generac from $160.00 to $178.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $174.30.

Insider Transactions at Generac

In other Generac news, CFO York A. Ragen sold 29,081 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the transaction, the chief financial officer now directly owns 135,613 shares of the company's stock, valued at $25,051,789.49. This represents a 17.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the sale, the executive vice president now directly owns 10,738 shares of the company's stock, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,268 shares of company stock valued at $7,577,703 over the last three months. 2.90% of the stock is owned by corporate insiders.

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.