Skylands Capital LLC Grows Position in Generac Holdings Inc. (NYSE:GNRC)

Skylands Capital LLC raised its stake in Generac Holdings Inc. (NYSE:GNRC) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,500 shares of the technology company’s stock after purchasing an additional 6,330 shares during the quarter. Skylands Capital LLC owned 0.06% of Generac worth $5,659,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GNRC. Jennison Associates LLC boosted its holdings in shares of Generac by 133.6% during the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after purchasing an additional 384,434 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake 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 valued at $88,944,000 after acquiring an additional 299,205 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its stake in shares of Generac by 5.6% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company’s stock valued at $61,262,000 after purchasing an additional 20,576 shares in 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. Finally, Stephens Investment Management Group LLC increased its stake in Generac by 25.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 241,114 shares of the technology company’s stock valued at $37,385,000 after purchasing an additional 48,765 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Price Performance

GNRC opened at $137.87 on Monday. 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 firm has a market cap of $8.22 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 1.44 and a beta of 1.42. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The stock’s 50 day simple moving average is $153.28 and its 200 day simple moving average is $160.62.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping 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%. As a group, analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GNRC shares. The Goldman Sachs Group lowered their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Citigroup dropped their target price on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus dropped their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Barclays began coverage on Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price objective on the stock. Finally, Wells Fargo & Company decreased their price objective on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.00.

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.