Picton Mahoney Asset Management Lowers Position in Generac Holdings Inc. (NYSE:GNRC)

Picton Mahoney Asset Management lessened its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 32.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,396 shares of the technology company's stock after selling 23,729 shares during the period. Picton Mahoney Asset Management owned about 0.08% of Generac worth $7,503,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Trust N.A. raised its holdings in Generac by 52.8% during the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company's stock worth $541,000 after acquiring an additional 1,177 shares in the last quarter. Nordea Investment Management AB bought a new stake in Generac during the fourth quarter worth about $5,229,000. Global Financial Private Client LLC bought a new stake in Generac during the fourth quarter worth about $614,000. Franklin Resources Inc. raised its holdings in Generac by 106.1% during the third quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company's stock worth $4,998,000 after acquiring an additional 14,811 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Generac by 5.0% during the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company's stock worth $11,324,000 after acquiring an additional 3,426 shares in the last quarter. Institutional investors own 84.04% of the company's stock.

Insider Buying and Selling

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 transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GNRC shares. Citigroup dropped their target price on Generac from $172.00 to $162.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Truist Financial dropped their price objective on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Barclays started coverage on Generac in a research note on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 price objective on the stock. UBS Group upped their price objective on Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, 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. Ten 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, Generac has a consensus rating of "Moderate Buy" and a consensus target price of $174.00.

Generac Trading Up 1.5 %

NYSE:GNRC traded up $1.93 during trading hours on Wednesday, hitting $133.82. 629,867 shares of the company were exchanged, compared to its average volume of 881,068. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $144.92 and a 200 day simple moving average of $158.49. Generac Holdings Inc. has a one year low of $110.86 and a one year high of $195.94. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC - Get Free Report) last issued 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%. Sell-side analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Generac Company 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.