Kessler Investment Group LLC Increases Position in Generac Holdings Inc. (NYSE:GNRC)

Kessler Investment Group LLC increased its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 16.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,452 shares of the technology company's stock after acquiring an additional 6,974 shares during the quarter. Generac comprises about 4.0% of Kessler Investment Group LLC's investment portfolio, making the stock its 5th largest position. Kessler Investment Group LLC owned approximately 0.08% of Generac worth $6,520,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in GNRC. BKM Wealth Management LLC bought a new position in Generac during the fourth quarter worth about $28,000. Headlands Technologies LLC acquired a new position in Generac during the third quarter valued at approximately $28,000. ORG Partners LLC bought a new stake in Generac in the fourth quarter valued at approximately $38,000. Pinnacle Bancorp Inc. boosted its position in shares of Generac by 89.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company's stock worth $40,000 after purchasing an additional 147 shares in the last quarter. Finally, Operose Advisors LLC bought a new stake in shares of Generac in the 3rd quarter valued at $40,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GNRC. UBS Group lowered their price target on Generac from $160.00 to $150.00 and set a "buy" rating for the company in a report on Thursday, February 15th. Citigroup upped their price target on shares of Generac from $124.00 to $128.00 and gave the company a "neutral" rating in a report on Monday, February 12th. Guggenheim cut shares of Generac from a "buy" rating to a "neutral" rating in a research report on Thursday, February 15th. Oppenheimer increased their target price on Generac from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, May 2nd. Finally, Robert W. Baird boosted their price target on Generac from $112.00 to $129.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $142.40.

Generac Stock Performance

Shares of GNRC stock traded down $1.61 during trading on Friday, reaching $137.55. 484,511 shares of the company's stock were exchanged, compared to its average volume of 1,364,526. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $156.95. The firm's fifty day moving average price is $127.02 and its 200-day moving average price is $119.61. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $8.31 billion, a PE ratio of 37.89, a PEG ratio of 1.86 and a beta of 1.41.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The company had revenue of $889.27 million for the quarter, compared to analyst estimates of $886.60 million. During the same period in the prior year, the firm earned $0.63 earnings per share. The company's revenue was up .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 6.1 EPS for the current year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00. Following the transaction, the chief executive officer now directly owns 587,177 shares of the company's stock, valued at $82,175,421.15. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.80% of the stock is currently owned by insiders.

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.