International Assets Investment Management LLC Invests $17.96 Million in Generac Holdings Inc. (NYSE:GNRC)

International Assets Investment Management LLC acquired a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 138,933 shares of the technology company's stock, valued at approximately $17,956,000. International Assets Investment Management LLC owned about 0.23% of Generac at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Bartlett & Co. LLC bought a new position in shares of Generac in the 3rd quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in Generac during the third quarter valued at approximately $28,000. BKM Wealth Management LLC purchased a new stake in Generac during the fourth quarter valued at approximately $28,000. Castleview Partners LLC bought a new stake in shares of Generac in the 1st quarter valued at approximately $30,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Generac in the 1st quarter worth approximately $35,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, April 1st. The stock was sold at an average price of $126.94, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.80% of the company's stock.

Analyst Ratings Changes

GNRC has been the topic of several recent research reports. Guggenheim lowered Generac from a "buy" rating to a "neutral" rating in a report on Thursday, February 15th. UBS Group reduced their target price on shares of Generac from $160.00 to $150.00 and set a "buy" rating on the stock in a research note on Thursday, February 15th. Canaccord Genuity Group lifted their price target on shares of Generac from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, April 5th. Canaccord Genuity Group increased their price objective on shares of Generac from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. Finally, TD Cowen decreased their price objective on shares of Generac from $165.00 to $144.00 and set an "outperform" rating for the company in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $140.80.

Generac Stock Down 3.3 %

Shares of GNRC traded down $4.46 during midday trading on Friday, reaching $131.62. 990,411 shares of the stock were exchanged, compared to its average volume of 1,022,610. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. The company's 50 day moving average is $120.00 and its two-hundred day moving average is $114.86. The company has a market capitalization of $7.93 billion, a P/E ratio of 40.29, a PEG ratio of 1.81 and a beta of 1.45. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $156.95.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company earned $1.78 earnings per share. The firm's revenue was up 1.4% on a year-over-year basis. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 6.31 earnings per share for the current year.

About Generac

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.