Generac Holdings Inc. (NYSE:GNRC) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 28.5% during the fourth quarter, Holdings Channel reports. The firm owned 1,733 shares of the technology company’s stock after acquiring an additional 384 shares during the quarter. GAMMA Investing LLC’s holdings in Generac were worth $269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc increased its stake in Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after buying an additional 145 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Generac during the third quarter worth $31,000. SouthState Corp acquired a new stake in shares of Generac in the third quarter valued at $32,000. Sunbelt Securities Inc. boosted its holdings in Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Finally, Blue Trust Inc. grew its stake in Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after purchasing an additional 97 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GNRC has been the subject of several recent research reports. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. TD Cowen boosted their price target on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Citigroup raised their price objective on shares of Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group boosted their target price on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Barclays began coverage on Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $175.30.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the transaction, the chief executive officer now directly owns 570,825 shares in the company, valued at $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 of the company’s stock, valued at $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock valued at $7,577,703 in the last ninety days. Insiders own 2.90% of the company’s stock.

Generac Stock Up 0.6 %

GNRC stock 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 debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The company has a market cap of $9.58 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 2.04 and a beta of 1.42. The company has a fifty day moving average price of $173.61 and a 200 day moving average price of $159.57.

Generac (NYSE:GNRC) last announced its earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the company earned $1.64 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. Sell-side analysts expect that Generac Holdings Inc. will post 6.84 earnings per share for the current year.

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.