Xponance Inc. Decreases Stake in Generac Holdings Inc. (NYSE:GNRC)

Xponance Inc. lowered its stake in Generac Holdings Inc. (NYSE:GNRC) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,612 shares of the technology company’s stock after selling 262 shares during the period. Xponance Inc.’s holdings in Generac were worth $1,180,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GNRC. Modus Advisors LLC bought a new stake in shares of Generac in the fourth quarter worth about $27,000. Cranbrook Wealth Management LLC bought a new stake in shares of Generac in the 4th quarter worth approximately $28,000. Versant Capital Management Inc increased its stake in shares of Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after buying an additional 145 shares during the period. Brooklyn Investment Group bought a new position in shares of Generac during the third quarter valued at approximately $31,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Generac in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Truist Financial reduced 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. The Goldman Sachs Group decreased their price target on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. UBS Group lifted their price objective on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Piper Sandler decreased their target price on Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Finally, Stifel Nicolaus dropped their price target on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research 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 company. Based on data from MarketBeat, Generac presently has an average rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Stock Down 1.3 %

GNRC stock opened at $131.57 on Monday. Generac Holdings Inc. has a 1-year low of $115.76 and a 1-year high of $195.94. The business has a fifty day moving average price of $143.39 and a 200-day moving average price of $158.13. The stock has a market capitalization of $7.84 billion, a P/E ratio of 24.36, a P/E/G ratio of 1.44 and a beta of 1.50. 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 (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Equities analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the sale, the chief executive officer now owns 570,825 shares of the company’s stock, 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 at this link. Company insiders own 2.90% of the company’s stock.

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.