2,310 Shares in Generac Holdings Inc. (NYSE:GNRC) Bought by Stevens Capital Management LP

Stevens Capital Management LP bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,310 shares of the technology company's stock, valued at approximately $358,000.

Other institutional investors have also recently modified their holdings of the company. Modus Advisors LLC purchased a new stake in Generac in the 4th quarter worth $27,000. Versant Capital Management Inc grew its position in shares of Generac by 391.9% in the fourth 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 period. Cranbrook Wealth Management LLC purchased a new stake in shares of Generac during the fourth quarter worth about $28,000. Brooklyn Investment Group acquired a new position in shares of Generac during the 3rd quarter worth about $31,000. Finally, Bank of Jackson Hole Trust purchased a new position in Generac in the 4th quarter valued at about $31,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total value of $787,500.00. Following the sale, the chief executive officer now owns 570,825 shares of the company's stock, valued at $89,904,937.50. This trade represents a 0.87 % 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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Generac Stock Down 3.0 %

Shares of GNRC traded down $3.98 during mid-day trading on Friday, hitting $127.11. 596,441 shares of the company's stock were exchanged, compared to its average volume of 889,221. 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 company has a market cap of $7.58 billion, a price-to-earnings ratio of 23.54, a P/E/G ratio of 1.44 and a beta of 1.50. The stock's 50-day moving average is $140.67 and its 200-day moving average is $157.59. Generac Holdings Inc. has a fifty-two week low of $125.00 and a fifty-two week high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly 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 net margin of 7.36% and a return on equity of 18.17%. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on GNRC shares. UBS Group increased their target price on Generac from $200.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Stifel Nicolaus reduced their price objective on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company lowered their target price on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Bank of America initiated coverage on shares of Generac in a research report on Monday. They issued a "buy" rating and a $182.00 target price for the company. Finally, Piper Sandler dropped their price objective on shares of Generac from $185.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $174.38.

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.