Generac Holdings Inc. (NYSE:GNRC) Holdings Lifted by Skylands Capital LLC

Skylands Capital LLC lifted its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 21.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,500 shares of the technology company's stock after purchasing an additional 6,330 shares during the quarter. Skylands Capital LLC owned about 0.06% of Generac worth $5,659,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Jennison Associates LLC lifted its stake in Generac by 133.6% in the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock valued at $104,227,000 after buying an additional 384,434 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Generac by 114.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company's stock worth $88,944,000 after buying an additional 299,205 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Generac by 25,311.7% in the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company's stock worth $42,433,000 after buying an additional 266,026 shares during the last quarter. Stephens Investment Management Group LLC increased its stake in shares of Generac by 678.5% during the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company's stock valued at $30,560,000 after acquiring an additional 167,641 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Generac by 819.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 183,254 shares of the technology company's stock worth $28,738,000 after acquiring an additional 163,323 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Generac Stock Performance

Shares of Generac stock traded down $2.69 during trading hours on Thursday, reaching $136.45. The company's stock had a trading volume of 790,141 shares, compared to its average volume of 859,234. 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 one year low of $109.90 and a one year high of $195.94. The company's 50 day simple moving average is $151.80 and its 200 day simple moving average is $160.41. The stock has a market cap of $8.13 billion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. As a group, analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on GNRC. Citigroup lowered their price objective on shares of Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Truist Financial decreased their target price on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Piper Sandler cut their target price on shares of Generac from $185.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company reduced their price objective on Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Finally, Stifel Nicolaus reduced their price target on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $174.00.

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 shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, the chief executive officer now owns 565,825 shares in the company, 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 filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.90% of the company's stock.

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.