John G Ullman & Associates Inc. Sells 850 Shares of Generac Holdings Inc. (NYSE:GNRC)

John G Ullman & Associates Inc. lessened its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,425 shares of the technology company’s stock after selling 850 shares during the quarter. Generac comprises approximately 1.1% of John G Ullman & Associates Inc.’s portfolio, making the stock its 21st biggest holding. John G Ullman & Associates Inc. owned 0.08% of Generac worth $7,663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its position in shares of Generac by 133.6% in the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after acquiring an additional 384,434 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Generac by 114.8% in the third 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 period. Allspring Global Investments Holdings LLC boosted its position in shares of Generac by 819.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 183,254 shares of the technology company’s stock valued at $28,738,000 after acquiring an additional 163,323 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Generac by 498.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 126,121 shares of the technology company’s stock valued at $19,555,000 after acquiring an additional 105,063 shares during the period. Finally, Hodges Capital Management Inc. boosted its position in shares of Generac by 86.9% in the third quarter. Hodges Capital Management Inc. now owns 166,278 shares of the technology company’s stock valued at $26,418,000 after acquiring an additional 77,296 shares during the period. Institutional investors own 84.04% of the company’s stock.

Generac Stock Down 0.1 %

Shares of NYSE GNRC opened at $136.04 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 52 week low of $109.90 and a 52 week high of $195.94. The firm’s fifty day moving average is $151.00 and its 200 day moving average is $160.19. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC) last issued its earnings results 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%. On average, equities research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Ratings Changes

GNRC has been the subject of a number of analyst reports. Barclays initiated coverage on shares of Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price objective for the company. Stifel Nicolaus cut their price objective 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 cut their price objective on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Piper Sandler dropped their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Finally, Wells Fargo & Company dropped their target price on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $174.00.

Insider Buying and Selling

In other Generac 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 of the company’s stock, valued at approximately $82,129,498.75. The trade was 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 the SEC website. 2.90% of the stock is owned by insiders.

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.