Aquatic Capital Management LLC Cuts Stake in Generac Holdings Inc. (NYSE:GNRC)

Aquatic Capital Management LLC cut its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 44.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 21,115 shares of the technology company's stock after selling 16,685 shares during the period. Aquatic Capital Management LLC's holdings in Generac were worth $3,274,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GNRC. Oxford Asset Management LLP acquired a new stake in shares of Generac in the fourth quarter valued at about $234,000. Nitorum Capital L.P. raised its position in shares of Generac by 31.3% in the fourth quarter. Nitorum Capital L.P. now owns 199,689 shares of the technology company's stock valued at $30,962,000 after buying an additional 47,589 shares during the last quarter. Nebula Research & Development LLC acquired a new stake in shares of Generac in the fourth quarter valued at about $3,638,000. Lord Abbett & CO. LLC acquired a new stake in shares of Generac in the fourth quarter valued at about $23,413,000. Finally, Kovitz Investment Group Partners LLC raised its position in shares of Generac by 18.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 45,096 shares of the technology company's stock valued at $6,992,000 after buying an additional 6,932 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GNRC shares. Stifel Nicolaus reduced their target price on shares of Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday. 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 report on Thursday, February 13th. Bank of America started coverage on shares of Generac in a research report on Monday, March 24th. They set a "buy" rating and a $182.00 price objective for the company. Wells Fargo & Company cut their target price on Generac from $165.00 to $128.00 and set an "equal weight" rating on the stock in a research report on Thursday. Finally, Piper Sandler cut their target price on Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $166.14.

Generac Price Performance

GNRC traded down $1.64 on Thursday, hitting $112.74. 1,030,172 shares of the company were exchanged, compared to its average volume of 852,788. The business's fifty day moving average is $123.07 and its 200 day moving average is $150.58. The firm has a market capitalization of $6.72 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94. 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 - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.99 by $0.27. Generac had a net margin of 7.36% and a return on equity of 18.17%. The business had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. During the same period in the previous year, the firm earned $0.88 EPS. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.90% 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.