Trexquant Investment LP increased its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 233.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,855 shares of the technology company's stock after purchasing an additional 46,791 shares during the period. Trexquant Investment LP owned approximately 0.11% of Generac worth $10,366,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Nordea Investment Management AB bought a new stake in shares of Generac during the 4th quarter worth approximately $5,229,000. Global Financial Private Client LLC bought a new position in shares of Generac in the 4th quarter valued at $614,000. Franklin Resources Inc. raised its holdings in shares of Generac by 106.1% during the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company's stock worth $4,998,000 after buying an additional 14,811 shares in the last quarter. Barclays PLC lifted its position in shares of Generac by 41.4% during the 3rd quarter. Barclays PLC now owns 185,193 shares of the technology company's stock worth $29,425,000 after buying an additional 54,202 shares during the last quarter. Finally, Dakota Wealth Management boosted its stake in Generac by 59.1% in the fourth quarter. Dakota Wealth Management now owns 48,998 shares of the technology company's stock valued at $7,597,000 after buying an additional 18,197 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.
Analyst Ratings Changes
GNRC has been the topic of a number of research reports. Stifel Nicolaus decreased their target price on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note 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 on the stock in a research note on Thursday, February 13th. Piper Sandler lowered their price objective on Generac from $185.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Robert W. Baird lowered their target price on Generac from $172.00 to $171.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Finally, Bank of America initiated coverage on shares of Generac in a research report on Monday, March 24th. They set a "buy" rating and a $182.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and an average target price of $174.38.
Check Out Our Latest Stock Analysis on GNRC
Generac Trading Down 3.2 %
Shares of GNRC traded down $3.67 during mid-day trading on Friday, hitting $111.97. 1,877,611 shares of the company's stock traded hands, compared to its average volume of 881,819. The business's 50-day moving average price is $136.90 and its 200-day moving average price is $156.90. Generac Holdings Inc. has a 1 year low of $105.41 and a 1 year high of $195.94. The firm has a market capitalization of $6.67 billion, a P/E ratio of 20.74, a PEG ratio of 1.44 and a beta of 1.58. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48.
Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping 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%. As a group, sell-side analysts forecast that Generac Holdings Inc. will post 8 EPS for the current fiscal year.
Insider Activity
In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now owns 565,825 shares of the company's stock, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.90% of the company's stock.
Generac Profile
(
Free Report)
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.
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