Portolan Capital Management LLC Buys 27,117 Shares of Generac Holdings Inc. (NYSE:GNRC)

Portolan Capital Management LLC raised its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 61.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,342 shares of the technology company's stock after buying an additional 27,117 shares during the period. Portolan Capital Management LLC owned about 0.12% of Generac worth $11,062,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Canada Post Corp Registered Pension Plan acquired a new position in Generac in the 4th quarter worth about $89,000. Belpointe Asset Management LLC acquired a new stake in Generac in the fourth quarter valued at approximately $861,000. Mariner LLC grew its position in Generac by 17.2% in the fourth quarter. Mariner LLC now owns 10,367 shares of the technology company's stock worth $1,607,000 after acquiring an additional 1,522 shares in the last quarter. BTG Pactual Asset Management US LLC bought a new position in shares of Generac during the 4th quarter valued at $303,000. Finally, Optimize Financial Inc bought a new stake in Generac in the fourth quarter worth $232,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GNRC has been the subject of several recent analyst reports. Piper Sandler decreased their price target on Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Thursday. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 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 report on Thursday, February 13th. The Goldman Sachs Group cut their price target on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, Citigroup upgraded Generac from a "neutral" rating to a "buy" rating and cut their target price for the company from $162.00 to $138.00 in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Generac currently has a consensus rating of "Moderate Buy" and an average price target of $173.40.

Insiders Place Their Bets

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 value of $725,750.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.90% of the company's stock.

Generac Trading Up 0.8 %

Generac stock traded up $0.94 during trading hours on Friday, reaching $111.59. 590,129 shares of the company's stock traded hands, compared to its average volume of 882,003. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94. The firm's 50 day moving average is $128.27 and its 200-day moving average is $153.63. 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 firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.44 and a beta of 1.58.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating 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, analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

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.