Quantessence Capital LLC Makes New Investment in Generac Holdings Inc. (NYSE:GNRC)

Quantessence Capital LLC bought a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,666 shares of the technology company's stock, valued at approximately $568,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Nordea Investment Management AB purchased a new position in Generac in the fourth quarter valued at about $5,229,000. Global Financial Private Client LLC acquired a new position in Generac during the 4th quarter valued at approximately $614,000. Franklin Resources Inc. increased its position in Generac by 106.1% in the third quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company's stock worth $4,998,000 after buying an additional 14,811 shares during the period. Barclays PLC grew its position in shares of Generac by 41.4% during the third quarter. Barclays PLC now owns 185,193 shares of the technology company's stock worth $29,425,000 after acquiring an additional 54,202 shares during the last quarter. Finally, Dakota Wealth Management grew its position in Generac by 59.1% in the 4th quarter. Dakota Wealth Management now owns 48,998 shares of the technology company's stock worth $7,597,000 after purchasing an additional 18,197 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wells Fargo & Company cut their target price on Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Robert W. Baird lowered their target price on shares of Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. UBS Group raised their price objective on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. The Goldman Sachs Group dropped their price target on shares of Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Finally, Piper Sandler decreased their target price on Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $173.40.

Generac Price Performance

Shares of NYSE:GNRC traded down $0.55 during midday trading on Monday, reaching $112.35. The company's stock had a trading volume of 163,441 shares, compared to its average volume of 864,585. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94. The business's fifty day simple moving average is $124.62 and its 200-day simple moving average is $151.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The company has a market capitalization of $6.70 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.44 and a beta of 1.58.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. As a group, equities research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now owns 565,825 shares of the company's stock, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.90% of the company's stock.

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.