Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Investment Partners Asset Management Inc.

Investment Partners Asset Management Inc. trimmed its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,670 shares of the technology company’s stock after selling 73 shares during the quarter. Investment Partners Asset Management Inc.’s holdings in Generac were worth $259,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its stake in shares of Generac by 133.6% in the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after purchasing an additional 384,434 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Generac by 114.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after buying an additional 299,205 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Generac by 25,311.7% in the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock worth $42,433,000 after acquiring an additional 266,026 shares in the last quarter. Stephens Investment Management Group LLC increased its holdings in shares of Generac by 678.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock valued at $30,560,000 after acquiring an additional 167,641 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position 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 acquiring an additional 163,323 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Stock Performance

GNRC opened at $152.35 on Thursday. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The firm has a market cap of $9.06 billion, a PE ratio of 31.61, a P/E/G ratio of 1.44 and a beta of 1.42. The business has a fifty day simple moving average of $157.62 and a 200-day simple moving average of $160.69. 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 released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating 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%. As a group, equities analysts predict that Generac Holdings Inc. will post 6.91 EPS for the current fiscal year.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on GNRC. TD Cowen lifted their price target on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. The Goldman Sachs Group increased their price target on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup reduced their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. One 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $173.05.

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.