Generac Holdings Inc. (NYSE:GNRC) is Blue Grotto Capital LLC’s 6th Largest Position

Blue Grotto Capital LLC raised its holdings in Generac Holdings Inc. (NYSE:GNRC) by 20.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 189,203 shares of the technology company’s stock after purchasing an additional 32,163 shares during the quarter. Generac accounts for about 5.4% of Blue Grotto Capital LLC’s holdings, making the stock its 6th biggest position. Blue Grotto Capital LLC owned approximately 0.32% of Generac worth $29,336,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Generac by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company’s stock valued at $1,053,650,000 after buying an additional 47,450 shares in the last quarter. Boston Partners boosted its position in shares of Generac by 39.0% during the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock worth $295,123,000 after purchasing an additional 533,612 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after purchasing an additional 384,434 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Generac by 114.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after purchasing an additional 299,205 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Generac by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company’s stock valued at $86,516,000 after purchasing an additional 2,015 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.90% of the company’s stock.

Generac Stock Down 1.1 %

Shares of NYSE:GNRC opened at $136.10 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 1.44 and a beta of 1.50. The stock’s 50-day moving average price is $142.45 and its two-hundred day moving average price is $158.05. Generac Holdings Inc. has a 12-month low of $117.16 and a 12-month high of $195.94.

Generac (NYSE:GNRC) last released its 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 net margin of 7.36% and a return on equity of 18.17%. On average, research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. UBS Group increased their target price on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Stifel Nicolaus reduced their price objective on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Robert W. Baird decreased their target price on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group cut their price target on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Finally, Truist Financial decreased their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.38.

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.