Nebula Research & Development LLC Takes $3.64 Million Position in Generac Holdings Inc. (NYSE:GNRC)

Nebula Research & Development LLC bought a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,463 shares of the technology company's stock, valued at approximately $3,638,000. Generac accounts for approximately 0.4% of Nebula Research & Development LLC's portfolio, making the stock its 21st largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Generac by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company's stock valued at $1,053,650,000 after buying an additional 47,450 shares during the period. Boston Partners grew its stake in shares of Generac by 39.0% during the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock valued at $295,123,000 after buying an additional 533,612 shares during the period. Geode Capital Management LLC boosted its position in Generac by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock worth $223,293,000 after purchasing an additional 14,844 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Generac by 81.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock worth $161,684,000 after purchasing an additional 469,575 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Generac by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company's stock worth $112,961,000 after purchasing an additional 16,954 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac 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 directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GNRC. UBS Group upped their price target 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. Piper Sandler decreased their price target on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company decreased their price target on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Robert W. Baird decreased their price target on shares of Generac from $172.00 to $171.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Finally, Bank of America started coverage on shares of Generac in a research report on Monday, March 24th. They set a "buy" rating and a $182.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Generac has an average rating of "Moderate Buy" and an average price target of $173.40.

Generac Stock Performance

Shares of NYSE GNRC traded up $0.53 during mid-day trading on Monday, hitting $113.42. The company had a trading volume of 733,267 shares, compared to its average volume of 866,804. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 1.44 and a beta of 1.58. 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 current ratio of 1.97 and a quick ratio of 0.97. The firm's 50 day simple moving average is $124.62 and its two-hundred day simple moving average is $151.52.

Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. As a group, equities research analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

About Generac

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.