Kennedy Capital Management LLC Trims Stake in Generac Holdings Inc. (NYSE:GNRC)

Kennedy Capital Management LLC lessened its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 13.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 87,561 shares of the technology company’s stock after selling 14,004 shares during the quarter. Kennedy Capital Management LLC’s holdings in Generac were worth $13,576,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in GNRC. Allworth Financial LP raised its position in shares of Generac by 3.0% in the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock worth $435,000 after buying an additional 80 shares during the period. Venturi Wealth Management LLC raised its position in shares of Generac by 42.0% in the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock worth $44,000 after buying an additional 84 shares during the period. Wedbush Securities Inc. raised its position in shares of Generac by 3.9% in the 4th quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company’s stock worth $347,000 after buying an additional 84 shares during the period. Quadrant Capital Group LLC raised its position in shares of Generac by 61.7% in the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company’s stock worth $35,000 after buying an additional 87 shares during the period. Finally, Cornerstone Wealth Management LLC increased its holdings in Generac by 6.3% in the 4th quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company’s stock valued at $235,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on GNRC shares. Citigroup cut their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus cut their price objective on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Bank of America started coverage on Generac in a research report on Monday, March 24th. They issued a “buy” rating and a $182.00 price objective on the stock. The Goldman Sachs Group dropped their target price on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Truist Financial 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, January 16th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $175.60.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.90% of the stock is currently owned by corporate insiders.

Generac Price Performance

NYSE GNRC opened at $114.79 on Thursday. The stock has a market capitalization of $6.84 billion, a P/E ratio of 21.26, a P/E/G ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $195.94. The business’s fifty day moving average is $132.70 and its two-hundred day moving average is $155.69. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating 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%. On average, research analysts forecast that Generac Holdings Inc. will post 8 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.