V Square Quantitative Management LLC Has $245,000 Position in Generac Holdings Inc. (NYSE:GNRC)

V Square Quantitative Management LLC decreased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 5.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,898 shares of the technology company’s stock after selling 108 shares during the quarter. V Square Quantitative Management LLC’s holdings in Generac were worth $245,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GNRC. Pathstone Family Office LLC lifted its holdings in Generac by 26.2% in the third quarter. Pathstone Family Office LLC now owns 3,853 shares of the technology company’s stock valued at $420,000 after buying an additional 800 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Generac by 4.0% during the third quarter. PNC Financial Services Group Inc. now owns 18,544 shares of the technology company’s stock worth $2,021,000 after purchasing an additional 719 shares during the period. Rafferty Asset Management LLC increased its holdings in Generac by 16.9% in the third quarter. Rafferty Asset Management LLC now owns 10,309 shares of the technology company’s stock valued at $1,123,000 after purchasing an additional 1,492 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Generac in the third quarter valued at about $679,000. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Generac by 27.0% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 95,603 shares of the technology company’s stock worth $10,417,000 after buying an additional 20,317 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Performance

GNRC opened at $135.91 on Tuesday. The business’s 50-day simple moving average is $139.58 and its 200 day simple moving average is $127.25. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $156.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.29. The firm has a market capitalization of $8.24 billion, a PE ratio of 37.44, a PEG ratio of 1.83 and a beta of 1.45.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.72 by $0.16. The company had revenue of $889.27 million during the quarter, compared to the consensus estimate of $886.60 million. Generac had a return on equity of 14.68% and a net margin of 5.68%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS. As a group, sell-side analysts expect that Generac Holdings Inc. will post 6.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Canaccord Genuity Group increased their price target on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Oppenheimer cut shares of Generac from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 22nd. Truist Financial raised their price objective on Generac from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. OTR Global raised Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. Finally, Guggenheim lowered Generac from a “neutral” rating to a “sell” rating and set a $120.00 price target on the stock. in a research report on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $141.67.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total value of $699,750.00. Following the completion of the sale, the chief executive officer now directly owns 587,177 shares in the company, valued at approximately $82,175,421.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Generac news, insider Patrick John Forsythe sold 65,855 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $145.80, for a total value of $9,601,659.00. Following the transaction, the insider now directly owns 19,815 shares in the company, valued at $2,889,027. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total transaction of $699,750.00. Following the sale, the chief executive officer now owns 587,177 shares of the company’s stock, valued at approximately $82,175,421.15. The disclosure for this sale can be found here. Insiders sold a total of 80,785 shares of company stock valued at $11,688,161 in the last quarter. Company insiders own 2.80% of the company’s stock.

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.