Asset Management One Co. Ltd. Has $221,000 Position in Generac Holdings Inc. (NYSE:GNRC)

Asset Management One Co. Ltd. increased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 23.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,418 shares of the technology company’s stock after acquiring an additional 271 shares during the period. Asset Management One Co. Ltd.’s holdings in Generac were worth $221,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Modus Advisors LLC acquired a new stake in shares of Generac during the 4th quarter valued at about $27,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Generac during the 4th quarter valued at about $28,000. Versant Capital Management Inc lifted its holdings in Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares during the last quarter. Brooklyn Investment Group bought a new position in Generac during the 3rd quarter valued at about $31,000. Finally, SouthState Corp bought a new position in Generac during the 3rd quarter valued at about $32,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Barclays assumed coverage on shares of Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target for the company. Piper Sandler cut their price target 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. Stifel Nicolaus cut 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, February 13th. The Goldman Sachs Group cut 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. Finally, Wells Fargo & Company cut their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Trading Down 2.8 %

GNRC opened at $138.45 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.48 and a beta of 1.42. The firm has a 50 day simple moving average of $153.86 and a 200 day simple moving average of $160.34. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping 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%. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 8.08 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is currently owned by insiders.

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.