Ossiam Cuts Position in Generac Holdings Inc. (NYSE:GNRC)

Ossiam reduced its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 56.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,200 shares of the technology company's stock after selling 12,000 shares during the quarter. Ossiam's holdings in Generac were worth $1,426,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Generac in the 4th quarter valued at about $90,913,000. Boston Partners boosted its stake in Generac by 39.0% in the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock valued at $295,123,000 after acquiring an additional 533,612 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Generac by 81.9% in the fourth 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 last quarter. Jennison Associates LLC increased its position in shares of Generac by 133.6% during the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock worth $104,227,000 after purchasing an additional 384,434 shares in the last quarter. Finally, Forest Avenue Capital Management LP purchased a new stake in shares of Generac during the 4th quarter valued at $49,313,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Performance

Shares of NYSE GNRC opened at $111.59 on Monday. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year 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. The company's fifty day moving average price is $128.27 and its 200 day moving average price is $153.54. The company has a market capitalization of $6.65 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58.

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

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

GNRC has been the topic of several research analyst reports. Stifel Nicolaus dropped their target price on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Robert W. Baird cut 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. Piper Sandler lowered their target price on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Thursday. Citigroup raised shares of Generac from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $162.00 to $138.00 in a research report on Thursday. Finally, Bank of America assumed coverage on shares of Generac in a report on Monday, March 24th. They issued 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 given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $173.40.

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.

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