Generac Holdings Inc. (NYSE:GNRC) Shares Bought by King Luther Capital Management Corp

King Luther Capital Management Corp lifted its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 487,402 shares of the technology company's stock after acquiring an additional 5,105 shares during the period. King Luther Capital Management Corp owned 0.82% of Generac worth $75,572,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Moran Wealth Management LLC boosted its holdings in Generac by 5.1% in the 4th quarter. Moran Wealth Management LLC now owns 25,697 shares of the technology company's stock valued at $3,984,000 after purchasing an additional 1,251 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Generac by 9.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,461 shares of the technology company's stock valued at $3,017,000 after buying an additional 1,657 shares during the period. AlphaQuest LLC lifted its holdings in Generac by 26.7% in the fourth quarter. AlphaQuest LLC now owns 8,306 shares of the technology company's stock valued at $1,288,000 after acquiring an additional 1,749 shares during the last quarter. Personal CFO Solutions LLC grew its position in Generac by 5.1% in the fourth quarter. Personal CFO Solutions LLC now owns 2,097 shares of the technology company's stock worth $325,000 after acquiring an additional 102 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Generac by 2.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,242 shares of the technology company's stock worth $2,208,000 after acquiring an additional 357 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup lowered their price target on Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Barclays started coverage on shares of Generac in a research note on Wednesday, December 4th. They set an "equal weight" rating and a $189.00 target price for the company. Truist Financial dropped their price target 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. Robert W. Baird decreased their price objective on shares of Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Finally, The Goldman Sachs Group dropped their target price on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $174.00.

Generac Stock Performance

Shares of Generac stock traded up $1.48 during trading on Wednesday, reaching $132.82. The company's stock had a trading volume of 381,881 shares, compared to its average volume of 881,850. The company has a 50-day moving average price of $147.68 and a two-hundred day moving average price of $159.37. Generac Holdings Inc. has a fifty-two week low of $110.35 and a fifty-two week high of $195.94. The firm has a market cap of $7.92 billion, a PE ratio of 24.55, a P/E/G ratio of 1.44 and a beta of 1.50. 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 (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, beating analysts' consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. On average, analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Buying and Selling at Generac

In other Generac 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 value of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares of the company's stock, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.90% of the stock is owned by company 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.