Generac Holdings Inc. (NYSE:GNRC) Stock Position Lifted by Southernsun Asset Management LLC

Southernsun Asset Management LLC lifted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 8.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,568 shares of the technology company’s stock after buying an additional 3,301 shares during the period. Generac accounts for approximately 0.9% of Southernsun Asset Management LLC’s holdings, making the stock its 24th biggest position. Southernsun Asset Management LLC owned 0.07% of Generac worth $6,910,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Soros Capital Management LLC bought a new stake in Generac in the 4th quarter valued at about $588,000. Stifel Financial Corp increased its position in Generac by 29.4% in the 4th quarter. Stifel Financial Corp now owns 61,191 shares of the technology company’s stock valued at $9,488,000 after acquiring an additional 13,912 shares during the period. TD Waterhouse Canada Inc. boosted its position in Generac by 3.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 17,422 shares of the technology company’s stock worth $2,702,000 after acquiring an additional 548 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Generac by 241.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,541 shares of the technology company’s stock worth $859,000 after buying an additional 3,920 shares in the last quarter. Finally, Thematics Asset Management raised its holdings in Generac by 22.0% during the fourth quarter. Thematics Asset Management now owns 73,177 shares of the technology company’s stock worth $11,346,000 after purchasing an additional 13,177 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Robert W. Baird dropped their price target on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Guggenheim raised Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. Wells Fargo & Company decreased 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. Finally, Citigroup upgraded Generac from a “neutral” rating to a “buy” rating and cut their price target for the stock from $162.00 to $138.00 in a report on Thursday, April 17th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $173.40.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is currently owned by corporate insiders.

Generac Stock Performance

Shares of NYSE GNRC opened at $106.62 on Tuesday. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94. The stock has a market capitalization of $6.36 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The stock has a 50 day moving average price of $127.35 and a 200 day moving average price of $153.16.

Generac (NYSE:GNRC) last announced 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 return on equity of 18.17% and a net margin of 7.36%. Analysts predict 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.