Pacer Advisors Inc. decreased its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 93.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,195 shares of the technology company's stock after selling 77,072 shares during the quarter. Pacer Advisors Inc.'s holdings in Generac were worth $671,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of GNRC. Bartlett & Co. LLC purchased a new stake in shares of Generac during the third quarter worth about $26,000. Headlands Technologies LLC purchased a new stake in shares of Generac during the third quarter worth about $28,000. BKM Wealth Management LLC purchased a new stake in shares of Generac during the fourth quarter worth about $28,000. Castleview Partners LLC purchased a new stake in shares of Generac during the first quarter worth about $30,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Generac during the first quarter worth about $35,000. Hedge funds and other institutional investors own 84.04% of the company's stock.
Insiders Place Their Bets
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $126.94, for a total transaction of $634,700.00. Following the transaction, the chief executive officer now directly owns 592,177 shares in the company, valued at approximately $75,170,948.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Guggenheim lowered Generac from a "buy" rating to a "neutral" rating in a research note on Thursday, February 15th. Citigroup increased their price target on Generac from $124.00 to $128.00 and gave the company a "neutral" rating in a research note on Monday, February 12th. Robert W. Baird increased their price target on Generac from $112.00 to $129.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. TD Cowen dropped their price target on Generac from $165.00 to $144.00 and set an "outperform" rating for the company in a research note on Thursday, February 15th. Finally, Canaccord Genuity Group increased their price target on Generac from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $140.80.
Get Our Latest Stock Report on Generac
Generac Trading Up 2.3 %
GNRC traded up $3.07 during trading on Friday, hitting $134.41. 1,088,085 shares of the stock were exchanged, compared to its average volume of 1,025,208. The firm has a 50 day simple moving average of $118.24 and a 200 day simple moving average of $114.07. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 40.85, a P/E/G ratio of 1.69 and a beta of 1.45. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $156.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27.
Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.02). The firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 earnings per share. As a group, equities analysts expect that Generac Holdings Inc. will post 6.31 EPS for the current year.
Generac Company Profile
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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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