Investment Partners Asset Management Inc. Sells 73 Shares of Generac Holdings Inc. (NYSE:GNRC)

Investment Partners Asset Management Inc. trimmed its position in Generac Holdings Inc. (NYSE:GNRC) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,670 shares of the technology company’s stock after selling 73 shares during the quarter. Investment Partners Asset Management Inc.’s holdings in Generac were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Jennison Associates LLC grew its stake in shares of Generac by 133.6% in the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after acquiring an additional 384,434 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings 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 valued at $88,944,000 after purchasing an additional 299,205 shares during the period. Disciplined Growth Investors Inc. MN grew its position in Generac by 5.6% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company’s stock worth $61,262,000 after purchasing an additional 20,576 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Generac by 25,311.7% during the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock worth $42,433,000 after purchasing an additional 266,026 shares during the period. Finally, Stephens Investment Management Group LLC raised its position in shares of Generac by 25.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 241,114 shares of the technology company’s stock valued at $37,385,000 after buying an additional 48,765 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the transaction, the chief executive officer now directly owns 570,825 shares in the company, valued at approximately $89,904,937.50. The trade was a 0.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GNRC shares. Citigroup decreased their target price on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price objective on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Piper Sandler reduced their target price on Generac from $200.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Truist Financial lowered their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Roth Mkm raised their price objective on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $173.05.

Generac Price Performance

Shares of GNRC stock opened at $152.35 on Thursday. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 1.44 and a beta of 1.42. The stock has a 50-day moving average price of $157.62 and a 200 day moving average price of $160.69.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.17% and a return on equity of 16.70%. Research analysts expect that Generac Holdings Inc. will post 6.91 EPS for the current year.

Generac Company 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.