Xponance Inc. Decreases Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Xponance Inc. lessened its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 20.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,722 shares of the technology company’s stock after selling 1,953 shares during the quarter. Xponance Inc.’s holdings in Generac were worth $998,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GNRC. Lido Advisors LLC lifted its holdings in shares of Generac by 2.9% during the 3rd quarter. Lido Advisors LLC now owns 4,143 shares of the technology company’s stock valued at $451,000 after buying an additional 115 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Generac by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 26,713 shares of the technology company’s stock valued at $2,911,000 after purchasing an additional 140 shares during the period. Pinnacle Bancorp Inc. lifted its stake in shares of Generac by 89.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company’s stock worth $40,000 after purchasing an additional 147 shares during the period. Bridgecreek Investment Management LLC raised its position in Generac by 0.4% in the third quarter. Bridgecreek Investment Management LLC now owns 41,260 shares of the technology company’s stock worth $4,496,000 after acquiring an additional 175 shares during the period. Finally, Mcdonald Partners LLC grew its position in shares of Generac by 3.9% during the 3rd quarter. Mcdonald Partners LLC now owns 4,675 shares of the technology company’s stock valued at $509,000 after acquiring an additional 175 shares during the period. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the transaction, the chief executive officer now directly owns 592,177 shares in the company, valued at approximately $75,170,948.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.80% of the company’s stock.

Generac Trading Up 1.2 %

GNRC opened at $138.85 on Friday. The stock has a 50-day moving average of $122.17 and a 200 day moving average of $116.82. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $156.95. The firm has a market cap of $8.37 billion, a P/E ratio of 42.20, a P/E/G ratio of 1.80 and a beta of 1.45.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the firm posted $1.78 EPS. Generac’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, research analysts forecast that Generac Holdings Inc. will post 6.3 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Roth Mkm lifted their target price on Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday. Robert W. Baird raised their target price on shares of Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Canaccord Genuity Group upped their price target on shares of Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. TD Cowen dropped their target price on shares of Generac from $165.00 to $144.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Finally, UBS Group decreased their price target on Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $141.65.

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.