Scholtz & Company LLC Makes New Investment in Generac Holdings Inc. (NYSE:GNRC)

Scholtz & Company LLC bought a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,841 shares of the technology company's stock, valued at approximately $1,836,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GNRC. Modus Advisors LLC bought a new stake in shares of Generac in the 4th quarter valued at approximately $27,000. Cranbrook Wealth Management LLC bought a new stake in Generac in the fourth quarter worth approximately $28,000. Versant Capital Management Inc increased its stake in shares of Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock worth $28,000 after purchasing an additional 145 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Generac during the 4th quarter worth $31,000. Finally, Spire Wealth Management raised its holdings in shares of Generac by 203.6% during the 4th quarter. Spire Wealth Management now owns 252 shares of the technology company's stock valued at $39,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is currently owned by insiders.

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Analysts Set New Price Targets

Several research firms have commented on GNRC. Citigroup lowered their target price on shares of Generac from $172.00 to $162.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird lowered their price objective on Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Bank of America started coverage on Generac in a report on Monday, March 24th. They issued a "buy" rating and a $182.00 target price for the company. The Goldman Sachs Group lowered their price target on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Finally, Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Generac presently has an average rating of "Moderate Buy" and a consensus target price of $175.60.

Generac Stock Performance

Shares of NYSE:GNRC traded down $3.67 during trading on Friday, hitting $111.97. 1,877,611 shares of the stock were exchanged, compared to its average volume of 880,952. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. Generac Holdings Inc. has a 1-year low of $105.41 and a 1-year high of $195.94. The company's fifty day simple moving average is $136.90 and its 200-day simple moving average is $156.99.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share 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%. 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.