Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Man Group plc

Man Group plc trimmed its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 85.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,250 shares of the technology company's stock after selling 182,245 shares during the period. Man Group plc owned approximately 0.05% of Generac worth $4,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Hurley Capital LLC bought a new position in shares of Generac during the 4th quarter valued at approximately $26,000. Bank of Jackson Hole Trust bought a new position in shares of Generac during the 4th quarter valued at approximately $31,000. Quadrant Capital Group LLC increased its position 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 purchasing an additional 87 shares during the last quarter. Spire Wealth Management increased its position in shares of Generac by 203.6% during the 4th quarter. Spire Wealth Management now owns 252 shares of the technology company's stock valued at $39,000 after purchasing an additional 169 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Generac by 42.0% during the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after purchasing an additional 84 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Robert W. Baird cut their price objective on Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. TD Securities cut their price objective on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Citigroup raised Generac from a "neutral" rating to a "buy" rating and cut their price objective for the company from $162.00 to $138.00 in a research report on Thursday, April 17th. UBS Group upped their price objective on Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Bank of America assumed coverage on Generac in a research report on Monday, March 24th. They issued a "buy" rating and a $182.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $167.20.

Generac Stock Down 0.2%

Shares of Generac stock traded down $0.24 during trading on Friday, hitting $123.63. 541,517 shares of the stock traded hands, compared to its average volume of 845,661. The firm has a market cap of $7.30 billion, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $195.94. The stock's fifty day simple moving average is $119.52 and its 200 day simple moving average is $145.17.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.27. Generac had a return on equity of 18.17% and a net margin of 7.36%. The company had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. During the same quarter last year, the company earned $0.88 earnings per share. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

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.