Versant Capital Management Inc Buys 145 Shares of Generac Holdings Inc. (NYSE:GNRC)

Versant Capital Management Inc grew its stake in Generac Holdings Inc. (NYSE:GNRC) by 391.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 182 shares of the technology company’s stock after purchasing an additional 145 shares during the quarter. Versant Capital Management Inc’s holdings in Generac were worth $28,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. William Blair Investment Management LLC purchased a new position in Generac during the 2nd quarter worth $98,282,000. The Manufacturers Life Insurance Company lifted its position in shares of Generac by 114.8% during the third 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. Jennison Associates LLC purchased a new position in Generac during the third quarter worth about $45,722,000. International Assets Investment Management LLC increased its stake in Generac by 25,311.7% in the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock valued at $42,433,000 after buying an additional 266,026 shares during the last quarter. Finally, Stephens Investment Management Group LLC lifted its position in shares of Generac by 678.5% during the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock worth $30,560,000 after buying an additional 167,641 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the subject of several recent analyst reports. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Stifel Nicolaus raised their target price on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Citigroup boosted their price target on shares of Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Piper Sandler raised their price objective on shares of Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Robert W. Baird dropped their target price on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $175.30.

Generac Price Performance

Shares of NYSE:GNRC opened at $160.98 on Wednesday. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The stock has a market cap of $9.58 billion, a P/E ratio of 33.40, a P/E/G ratio of 2.04 and a beta of 1.42. The company has a 50 day moving average of $173.61 and a 200 day moving average of $159.57.

Generac (NYSE:GNRC) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.64 earnings per share. As a group, sell-side analysts forecast that Generac Holdings Inc. will post 6.84 EPS for the current fiscal year.

Insider Activity

In other news, CFO York A. Ragen sold 29,081 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the transaction, the chief financial officer now directly owns 135,613 shares in the company, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $166.60, for a total value of $833,000.00. Following the completion of the sale, the chief executive officer now owns 557,177 shares of the company’s stock, valued at $92,825,688.20. The trade was a 0.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,268 shares of company stock worth $7,577,703. 2.90% of the stock is currently owned by insiders.

Generac Company 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.