Skylands Capital LLC Boosts Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Skylands Capital LLC boosted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 21.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,500 shares of the technology company’s stock after acquiring an additional 6,330 shares during the period. Skylands Capital LLC’s holdings in Generac were worth $5,659,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Jennison Associates LLC lifted its stake in Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after acquiring an additional 384,434 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Generac by 114.8% during the third 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 in the last quarter. Disciplined Growth Investors Inc. MN increased its stake in Generac by 5.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company’s stock worth $61,262,000 after buying an additional 20,576 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Generac by 25,311.7% in the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock valued at $42,433,000 after purchasing an additional 266,026 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its stake in Generac by 25.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 241,114 shares of the technology company’s stock valued at $37,385,000 after acquiring an additional 48,765 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the sale, the chief executive officer now directly owns 570,825 shares of the company’s stock, valued at approximately $89,904,937.50. This represents a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on GNRC shares. UBS Group increased their price target on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. The Goldman Sachs Group dropped their price target on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Piper Sandler decreased their price target 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. Stifel Nicolaus cut their price target 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. Finally, StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.00.

Generac Trading Down 0.5 %

GNRC opened at $137.87 on Monday. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94. The firm’s fifty day moving average is $153.28 and its two-hundred day moving average is $160.62. The firm has a market cap of $8.22 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

Generac (NYSE:GNRC) last posted its 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 return on equity of 18.17% and a net margin of 7.36%. Equities research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

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.