Signaturefd LLC Has $153,000 Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Signaturefd LLC decreased its stake in Generac Holdings Inc. (NYSE:GNRC) by 29.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,181 shares of the technology company’s stock after selling 486 shares during the period. Signaturefd LLC’s holdings in Generac were worth $153,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Mackenzie Financial Corp boosted its position in shares of Generac by 13,944.2% during the 3rd quarter. Mackenzie Financial Corp now owns 297,456 shares of the technology company’s stock valued at $30,683,000 after purchasing an additional 295,338 shares in the last quarter. Ariel Investments LLC boosted its position in shares of Generac by 14.9% during the 3rd quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock valued at $219,047,000 after purchasing an additional 261,050 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Generac by 42.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 650,139 shares of the technology company’s stock valued at $70,839,000 after purchasing an additional 194,265 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Generac by 108.6% during the 3rd quarter. Blair William & Co. IL now owns 284,345 shares of the technology company’s stock valued at $30,982,000 after purchasing an additional 148,017 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Generac by 9.9% in the third quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock worth $177,956,000 after acquiring an additional 147,523 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $126.94, for a total value of $634,700.00. Following the completion of the sale, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at $75,170,948.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

Generac Stock Performance

Shares of GNRC opened at $140.12 on Monday. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 42.59, a PEG ratio of 1.85 and a beta of 1.45. The stock has a 50 day moving average of $122.62 and a 200 day moving average of $117.21. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $156.95.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (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 firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business earned $1.78 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Generac Holdings Inc. will post 6.3 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on GNRC shares. Citigroup increased their price target on Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Robert W. Baird increased their price target on Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Canaccord Genuity Group increased their price target on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Roth Mkm increased their price target on Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Finally, Guggenheim lowered Generac from a “buy” rating to a “neutral” rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $141.65.

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.