Versor Investments LP lessened its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 47.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,000 shares of the technology company's stock after selling 5,471 shares during the quarter. Versor Investments LP's holdings in Generac were worth $930,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in GNRC. Modus Advisors LLC bought a new stake in shares of Generac during the fourth quarter valued at approximately $27,000. Versant Capital Management Inc increased its holdings in Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock valued at $28,000 after acquiring an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC purchased a new stake in Generac in the 4th quarter worth $28,000. Brooklyn Investment Group bought a new position in shares of Generac during the 3rd quarter valued at about $31,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Generac during the fourth quarter valued at about $31,000. 84.04% of the stock is owned by hedge funds and other institutional investors.
Generac Trading Down 3.9 %
Shares of GNRC traded down $5.36 during trading hours on Monday, reaching $130.79. 839,885 shares of the company traded hands, compared to its average volume of 855,547. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 1.44 and a beta of 1.42. Generac Holdings Inc. has a 12-month low of $109.90 and a 12-month high of $195.94. The stock's fifty day moving average price is $151.00 and its 200 day moving average price is $160.41. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.
Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS 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 forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.
Insiders Place Their Bets
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of equities analysts recently commented on GNRC shares. Stifel Nicolaus dropped their price target on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. The Goldman Sachs Group lowered their target price on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Piper Sandler reduced their price target on shares of Generac from $185.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Citigroup dropped 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. Finally, Wells Fargo & Company decreased 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 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 stock. According to MarketBeat.com, Generac currently has a consensus rating of "Moderate Buy" and an average target price of $174.00.
Read Our Latest Analysis on GNRC
About Generac
(
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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