Patten & Patten Inc. TN decreased its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 17.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,194 shares of the technology company's stock after selling 2,130 shares during the period. Patten & Patten Inc. TN's holdings in Generac were worth $1,581,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Modus Advisors LLC purchased a new stake in shares of Generac during the 4th quarter worth about $27,000. Versant Capital Management Inc lifted its stake in shares of Generac by 391.9% in the 4th 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 last quarter. Cranbrook Wealth Management LLC acquired a new position in shares of Generac during the 4th quarter valued at about $28,000. Brooklyn Investment Group bought a new position in shares of Generac in the 3rd quarter valued at approximately $31,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Generac in the 4th quarter worth approximately $31,000. 84.04% of the stock is owned by hedge funds and other institutional investors.
Generac Price Performance
Generac stock traded down $0.32 on Thursday, reaching $133.35. The company's stock had a trading volume of 514,128 shares, compared to its average volume of 849,980. Generac Holdings Inc. has a twelve month low of $115.76 and a twelve month high of $195.94. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 1.44 and a beta of 1.50. 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 business's fifty day moving average price is $144.42 and its 200 day moving average price is $158.32.
Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping 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%. Equities analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. UBS Group lifted their price target on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Barclays began coverage on shares of Generac in a research report on Wednesday, December 4th. They set an "equal weight" rating and a $189.00 target price for the company. Citigroup decreased their price target on shares of Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group dropped their price objective on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Finally, Guggenheim upgraded Generac from a "sell" rating to a "neutral" rating in a research note on Monday. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $174.00.
Check Out Our Latest Report on Generac
Insider Buying and Selling
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was 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 approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.90% of the stock is currently owned by corporate insiders.
Generac Company Profile
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Free Report)
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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