Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Kessler Investment Group LLC

Kessler Investment Group LLC trimmed its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 4.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 50,547 shares of the technology company's stock after selling 2,449 shares during the period. Generac accounts for approximately 3.7% of Kessler Investment Group LLC's portfolio, making the stock its 8th largest position. Kessler Investment Group LLC owned about 0.08% of Generac worth $7,837,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GNRC. Modus Advisors LLC purchased a new position in Generac during the fourth quarter worth about $27,000. Cranbrook Wealth Management LLC acquired a new position in Generac during the 4th quarter worth approximately $28,000. Versant Capital Management Inc raised its stake 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 buying an additional 145 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Generac in the 3rd quarter valued at approximately $31,000. Finally, SouthState Corp purchased a new stake in shares of Generac in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 84.04% of the company's stock.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares of the company's stock, valued at $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GNRC shares. Robert W. Baird reduced their target price on Generac from $172.00 to $171.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Barclays started coverage on shares of Generac in a research note on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 price objective for the company. UBS Group upped their target price on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. 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. Finally, StockNews.com upgraded Generac from a "hold" rating to a "buy" rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $174.00.

Generac Trading Down 1.1 %

Shares of Generac stock traded down $1.62 during trading hours on Wednesday, reaching $142.26. 1,005,373 shares of the company's stock were exchanged, compared to its average volume of 886,511. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 1.52 and a beta of 1.42. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94. The company has a fifty day moving average of $154.57 and a 200-day moving average of $160.49.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results 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 forecast that Generac Holdings Inc. will post 8.04 EPS for the current fiscal year.

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.