Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Ossiam

Ossiam reduced its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 56.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,200 shares of the technology company's stock after selling 12,000 shares during the quarter. Ossiam's holdings in Generac were worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hurley Capital LLC purchased a new position in Generac in the fourth quarter valued at approximately $26,000. Modus Advisors LLC acquired a new stake in shares of Generac in the fourth quarter worth $27,000. Versant Capital Management Inc raised its stake in shares of 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 acquiring an additional 145 shares during the period. Cranbrook Wealth Management LLC acquired a new position in shares of Generac during the 4th quarter valued at $28,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Generac during the 4th quarter worth $31,000. Institutional investors and hedge funds own 84.04% of the company's stock.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the transaction, the chief executive officer now directly owns 565,825 shares of the company's stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.90% of the company's stock.

Analyst Ratings Changes

GNRC has been the topic of several research reports. UBS Group raised their price objective on Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Truist Financial reduced their price target on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus lowered their price objective on shares of Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. Finally, Bank of America assumed coverage on shares of Generac in a report on Monday, March 24th. They set a "buy" rating and a $182.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Generac has an average rating of "Moderate Buy" and a consensus price target of $173.40.

Generac Stock Performance

Shares of NYSE GNRC traded down $0.84 during midday trading on Friday, hitting $112.97. The company's stock had a trading volume of 551,930 shares, compared to its average volume of 868,582. The firm has a market cap of $6.73 billion, a P/E ratio of 20.92, a P/E/G ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94. The firm's fifty day moving average price is $124.62 and its 200-day moving average price is $151.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. On average, sell-side analysts forecast 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.