John G Ullman & Associates Inc. Trims Stock Position in Generac Holdings Inc. (NYSE:GNRC)

John G Ullman & Associates Inc. reduced its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,425 shares of the technology company’s stock after selling 850 shares during the quarter. Generac makes up about 1.1% of John G Ullman & Associates Inc.’s holdings, making the stock its 21st biggest holding. John G Ullman & Associates Inc.’s holdings in Generac were worth $7,663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of GNRC. Jennison Associates LLC boosted its holdings 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 valued at $104,227,000 after buying an additional 384,434 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Generac by 114.8% during 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 buying an additional 299,205 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Generac by 819.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 183,254 shares of the technology company’s stock valued at $28,738,000 after buying an additional 163,323 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Generac by 498.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,121 shares of the technology company’s stock valued at $19,555,000 after buying an additional 105,063 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its holdings in shares of Generac by 86.9% during the 3rd quarter. Hodges Capital Management Inc. now owns 166,278 shares of the technology company’s stock valued at $26,418,000 after buying an additional 77,296 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of research reports. 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. Wells Fargo & Company dropped their price target 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. UBS Group upped their price target on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Truist Financial dropped their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, Barclays began coverage on shares of 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 investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $174.00.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were 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 of the company’s stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.90% of the company’s stock.

Generac Price Performance

NYSE GNRC opened at $136.04 on Friday. Generac Holdings Inc. has a 52 week low of $109.90 and a 52 week high of $195.94. The firm has a market capitalization of $8.11 billion, a P/E ratio of 25.19, a PEG ratio of 1.44 and a beta of 1.42. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $151.00 and a 200-day moving average price of $160.19.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating 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%. Equities research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

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.