606 Shares in Generac Holdings Inc. (NYSE:GNRC) Purchased by GAMMA Investing LLC

GAMMA Investing LLC bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 606 shares of the technology company’s stock, valued at approximately $78,000.

A number of other institutional investors have also added to or reduced their stakes in GNRC. Duality Advisers LP purchased a new position in Generac during the fourth quarter valued at approximately $964,000. Handelsbanken Fonder AB increased its holdings in shares of Generac by 12.6% in the 4th quarter. Handelsbanken Fonder AB now owns 10,700 shares of the technology company’s stock valued at $1,383,000 after acquiring an additional 1,200 shares during the period. abrdn plc raised its position in shares of Generac by 64.3% in the 4th quarter. abrdn plc now owns 24,863 shares of the technology company’s stock worth $3,213,000 after acquiring an additional 9,733 shares in the last quarter. Martin Capital Advisors LLP purchased a new stake in shares of Generac during the 4th quarter worth $249,000. Finally, John G Ullman & Associates Inc. boosted its position in Generac by 234.3% during the fourth quarter. John G Ullman & Associates Inc. now owns 52,650 shares of the technology company’s stock valued at $6,804,000 after purchasing an additional 36,900 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Trading Down 2.1 %

GNRC stock opened at $137.21 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 2.27 and a debt-to-equity ratio of 0.62. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $156.95. The company’s 50-day simple moving average is $123.02 and its 200-day simple moving average is $117.46. The firm has a market cap of $8.27 billion, a P/E ratio of 41.71, a PEG ratio of 1.85 and a beta of 1.45.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.02). The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. Generac’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 EPS. As a group, equities analysts forecast that Generac Holdings Inc. will post 6.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on GNRC shares. Citigroup increased their price target on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. TD Cowen lowered their target price on shares of Generac from $165.00 to $144.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Canaccord Genuity Group increased their price objective on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. UBS Group lowered their price objective on Generac from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Finally, Canaccord Genuity Group upped their target price on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $141.65.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $126.94, for a total value of $634,700.00. Following the completion of the sale, the chief executive officer now directly owns 592,177 shares in the company, valued at approximately $75,170,948.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.80% of the company’s stock.

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.