James Investment Research Inc. lessened its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 29.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,224 shares of the technology company's stock after selling 2,969 shares during the quarter. James Investment Research Inc.'s holdings in Generac were worth $915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also modified their holdings of GNRC. Hurley Capital LLC purchased a new position in shares of Generac during the 4th quarter worth $26,000. Quadrant Capital Group LLC lifted its stake in shares of Generac by 61.7% during the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock valued at $35,000 after buying an additional 87 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after buying an additional 90 shares in the last quarter. Ostrum Asset Management purchased a new position in shares of Generac during the 4th quarter valued at $50,000. Finally, Intact Investment Management Inc. purchased a new position in shares of Generac during the 1st quarter valued at $76,000. Hedge funds and other institutional investors own 84.04% of the company's stock.
Analysts Set New Price Targets
A number of research firms recently weighed in on GNRC. Wells Fargo & Company lowered their target price on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Piper Sandler lowered their target price on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Stephens restated an "overweight" rating and set a $175.00 target price on shares of Generac in a research note on Tuesday, May 27th. Barclays lifted their target price on shares of Generac from $164.00 to $170.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, Canaccord Genuity Group lowered their target price on shares of Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $168.11.
Read Our Latest Analysis on GNRC
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 Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total value of $712,000.00. Following the sale, the chief executive officer directly owned 562,966 shares in the company, valued at $80,166,358.40. The trade was a 0.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.70% of the stock is currently owned by company insiders.
Generac Price Performance
Shares of Generac stock traded up $3.54 during trading hours on Friday, reaching $153.28. The company's stock had a trading volume of 836,418 shares, compared to its average volume of 856,985. The firm has a 50 day moving average price of $133.91 and a 200-day moving average price of $134.31. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.89. The stock has a market cap of $9.06 billion, a P/E ratio of 26.70, a P/E/G ratio of 1.32 and a beta of 1.72.
Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.27. Generac had a net margin of 7.68% and a return on equity of 18.90%. The firm had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. During the same period in the previous year, the firm posted $0.88 EPS. The business's quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.
About Generac
(
Free Report)
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.
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