WINTON GROUP Ltd bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,059 shares of the technology company's stock, valued at approximately $474,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. Modus Advisors LLC acquired a new stake in shares of Generac during the fourth quarter worth about $27,000. Cranbrook Wealth Management LLC acquired a new position in Generac during the fourth quarter worth approximately $28,000. Versant Capital Management Inc lifted its stake in 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 buying an additional 145 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Generac during the third quarter worth approximately $31,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Generac in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 84.04% of the company's stock.
Insider Activity at Generac
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 sale, the chief executive officer now owns 565,825 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 2.90% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the stock. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. Truist Financial decreased their price objective on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Barclays started coverage on Generac in a research note on Wednesday, December 4th. They set an "equal weight" rating and a $189.00 price target for the company. Piper Sandler lowered their price objective 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. Finally, Citigroup cut their price objective on shares of Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $174.38.
Read Our Latest Report on GNRC
Generac Price Performance
Shares of NYSE GNRC traded up $1.95 on Wednesday, hitting $128.28. The company's stock had a trading volume of 645,681 shares, compared to its average volume of 886,574. The stock has a 50 day moving average of $139.23 and a 200-day moving average of $157.60. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a 12-month low of $122.86 and a 12-month high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.
Generac (NYSE:GNRC - Get Free Report) last posted its earnings results 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, research analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.
Generac Company Profile
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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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