Nebula Research & Development LLC Makes New $3.64 Million Investment in Generac Holdings Inc. (NYSE:GNRC)

Nebula Research & Development LLC bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 23,463 shares of the technology company's stock, valued at approximately $3,638,000. Generac makes up about 0.4% of Nebula Research & Development LLC's holdings, making the stock its 21st largest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hurley Capital LLC purchased a new position in shares of Generac during the 4th quarter valued at approximately $26,000. Modus Advisors LLC acquired a new position in Generac in the 4th quarter valued at $27,000. Versant Capital Management Inc raised its stake in Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock valued at $28,000 after purchasing an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC acquired a new position in Generac in the 4th quarter valued at $28,000. Finally, Bank of Jackson Hole Trust acquired a new position in Generac in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insider Activity

In related 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 value of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares in the company, valued at $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 available through the SEC website. Company insiders own 2.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on GNRC. Robert W. Baird reduced their price objective on Generac from $172.00 to $171.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Guggenheim raised Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Citigroup raised Generac from a "neutral" rating to a "buy" rating and cut their target price for the stock from $162.00 to $138.00 in a research note on Thursday, April 17th. Piper Sandler cut their target price on Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Stifel Nicolaus lowered their price target on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Generac presently has a consensus rating of "Moderate Buy" and an average target price of $173.40.

Generac Stock Up 0.1 %

NYSE GNRC traded up $0.09 on Wednesday, hitting $113.33. 639,436 shares of the stock were exchanged, compared to its average volume of 876,802. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. 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 market cap of $6.76 billion, a PE ratio of 20.99, a PEG ratio of 1.44 and a beta of 1.58. The company has a 50-day moving average price of $123.54 and a 200-day moving average price of $150.83.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $921.78 million. During the same quarter in the prior year, the business posted $0.88 EPS. The company's revenue for the quarter was up 5.9% on a year-over-year basis. Sell-side analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

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.