V Square Quantitative Management LLC Trims Stake in Generac Holdings Inc. (NYSE:GNRC)

V Square Quantitative Management LLC reduced its position in Generac Holdings Inc. (NYSE:GNRC) by 14.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,317 shares of the technology company’s stock after selling 228 shares during the quarter. V Square Quantitative Management LLC’s holdings in Generac were worth $204,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GNRC. Exchange Traded Concepts LLC acquired a new stake in Generac in the third quarter valued at approximately $114,000. Blue Trust Inc. boosted its stake in Generac by 73.5% in the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after acquiring an additional 97 shares in the last quarter. Raymond James & Associates boosted its stake in Generac by 3.6% in the third quarter. Raymond James & Associates now owns 184,467 shares of the technology company’s stock valued at $29,308,000 after acquiring an additional 6,375 shares in the last quarter. Resonant Capital Advisors LLC boosted its stake in Generac by 29.9% in the third quarter. Resonant Capital Advisors LLC now owns 2,492 shares of the technology company’s stock valued at $396,000 after acquiring an additional 573 shares in the last quarter. Finally, Venture Visionary Partners LLC raised its holdings in shares of Generac by 38.1% in the third quarter. Venture Visionary Partners LLC now owns 11,363 shares of the technology company’s stock worth $1,805,000 after buying an additional 3,135 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, February 3rd. The stock was 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 approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. 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 report on Thursday, February 13th. TD Cowen raised their target price on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Roth Mkm raised their target price on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Truist Financial reduced their target price 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. Finally, Piper Sandler cut their price objective on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $174.00.

Generac Price Performance

Generac stock opened at $146.80 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The stock has a market capitalization of $8.73 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The stock has a fifty day moving average of $155.71 and a 200-day moving average of $160.61.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a return on equity of 16.70% and a net margin of 7.17%. On average, sell-side analysts expect that Generac Holdings Inc. will post 6.91 earnings per share for the current fiscal 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.