Picton Mahoney Asset Management Has $5.85 Million Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Picton Mahoney Asset Management trimmed its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 4.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,141 shares of the technology company's stock after selling 2,255 shares during the period. Picton Mahoney Asset Management owned 0.08% of Generac worth $5,845,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hurley Capital LLC bought a new stake in shares of Generac during the fourth quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Generac during the 1st quarter worth about $28,000. Quadrant Capital Group LLC lifted its position in 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 period. Private Trust Co. NA lifted its position in 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 purchasing an additional 90 shares during the period. Finally, Ostrum Asset Management acquired a new stake in shares of Generac during the 4th quarter worth approximately $50,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total transaction of $712,000.00. Following the transaction, the chief executive officer directly owned 562,966 shares of the company's stock, valued at approximately $80,166,358.40. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.70% of the company's stock.

Generac Stock Up 20.1%

Shares of NYSE GNRC traded up $30.45 during trading hours on Wednesday, hitting $181.77. The company had a trading volume of 4,932,998 shares, compared to its average volume of 846,932. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94. The company has a quick ratio of 0.89, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The firm's 50 day moving average is $138.01 and its 200-day moving average is $133.87. The stock has a market capitalization of $10.74 billion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 1.37 and a beta of 1.72.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.33 by $0.32. Generac had a net margin of 7.68% and a return on equity of 18.90%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the company earned $1.35 earnings per share. The company's quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GNRC. Stephens restated an "overweight" rating and issued a $175.00 price objective on shares of Generac in a report on Tuesday, May 27th. Canaccord Genuity Group decreased their price objective on Generac from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Robert W. Baird cut their target price on Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Guggenheim upgraded Generac from a "neutral" rating to a "buy" rating and set a $190.00 target price for the company in a research report on Tuesday. Finally, TD Cowen lowered their price target on Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $166.16.

Generac 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.