Versor Investments LP Sells 5,471 Shares of Generac Holdings Inc. (NYSE:GNRC)

Versor Investments LP trimmed its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 47.7% during the fourth quarter, HoldingsChannel reports. The fund 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 institutional investors have also recently added to or reduced their stakes in GNRC. Blue Trust Inc. grew its holdings in Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after acquiring an additional 97 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Generac by 66.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,424 shares of the technology company’s stock worth $685,000 after acquiring an additional 1,762 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Generac by 17.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,008 shares of the technology company’s stock worth $319,000 after acquiring an additional 303 shares during the last quarter. Avitas Wealth Management LLC grew its holdings in Generac by 19.5% during the 3rd quarter. Avitas Wealth Management LLC now owns 2,546 shares of the technology company’s stock worth $405,000 after acquiring an additional 416 shares during the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV bought a new stake in Generac during the 3rd quarter worth approximately $3,742,000. 84.04% of the stock is owned by institutional investors.

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 shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Generac Stock Performance

GNRC opened at $136.45 on Friday. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The company’s fifty day moving average price is $151.80 and its two-hundred day moving average price is $160.41. Generac Holdings Inc. has a 1-year low of $109.90 and a 1-year high of $195.94. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. On average, analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analysts Set New Price Targets

GNRC has been the topic of a number of research reports. Stifel Nicolaus reduced their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Robert W. Baird dropped their price target on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Wells Fargo & Company dropped their price target 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. Piper Sandler dropped 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. Finally, UBS Group boosted their price target on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $174.00.

About Generac

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.