Trexquant Investment LP Purchases 46,791 Shares of Generac Holdings Inc. (NYSE:GNRC)

Trexquant Investment LP lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 233.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 66,855 shares of the technology company’s stock after buying an additional 46,791 shares during the quarter. Trexquant Investment LP’s holdings in Generac were worth $10,366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Generac by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company’s stock valued at $223,293,000 after acquiring an additional 14,844 shares during the period. Franklin Resources Inc. grew its stake in shares of Generac by 145.7% in the fourth quarter. Franklin Resources Inc. now owns 70,707 shares of the technology company’s stock worth $10,963,000 after purchasing an additional 41,935 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Generac by 19.9% in the fourth quarter. Alliancebernstein L.P. now owns 370,477 shares of the technology company’s stock valued at $57,442,000 after purchasing an additional 61,481 shares during the period. Edmond DE Rothschild Holding S.A. raised its position in Generac by 43.4% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,702 shares of the technology company’s stock worth $264,000 after purchasing an additional 515 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Generac by 26.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,965 shares of the technology company’s stock worth $460,000 after buying an additional 626 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction 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 directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is currently owned by insiders.

Generac Stock Up 1.5 %

Shares of NYSE GNRC opened at $128.28 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. Generac Holdings Inc. has a 1 year low of $122.86 and a 1 year high of $195.94. The stock has a market capitalization of $7.65 billion, a P/E ratio of 23.76, a P/E/G ratio of 1.44 and a beta of 1.58. The company has a 50-day moving average price of $138.62 and a 200-day moving average price of $157.39.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. On average, equities research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GNRC has been the subject of a number of analyst reports. Guggenheim upgraded Generac from a “sell” rating to a “neutral” rating in a research report on Monday, March 17th. Truist Financial lowered their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company reduced their price objective on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Piper Sandler dropped their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Finally, UBS Group increased their price target on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Generac has a consensus rating of “Moderate Buy” and a consensus target price 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.