Generac Holdings Inc. (NYSE:GNRC) Shares Purchased by Blue Grotto Capital LLC

Blue Grotto Capital LLC grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 20.5% during the fourth quarter, HoldingsChannel reports. The firm owned 189,203 shares of the technology company’s stock after buying an additional 32,163 shares during the period. Generac accounts for 5.4% of Blue Grotto Capital LLC’s portfolio, making the stock its 6th largest position. Blue Grotto Capital LLC’s holdings in Generac were worth $29,336,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Allworth Financial LP lifted its position in Generac by 3.0% during the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock worth $435,000 after acquiring an additional 80 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Generac by 42.0% during the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock valued at $44,000 after purchasing an additional 84 shares during the period. Cornerstone Wealth Management LLC lifted its position in shares of Generac by 6.3% during the fourth quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company’s stock worth $235,000 after purchasing an additional 90 shares in the last quarter. Personal CFO Solutions LLC boosted its stake in shares of Generac by 5.1% in the fourth quarter. Personal CFO Solutions LLC now owns 2,097 shares of the technology company’s stock valued at $325,000 after purchasing an additional 102 shares during the period. Finally, Retirement Systems of Alabama grew its holdings in Generac by 0.8% during the 3rd quarter. Retirement Systems of Alabama now owns 13,476 shares of the technology company’s stock valued at $2,141,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other 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 stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the transaction, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of recent analyst reports. Piper Sandler cut their price objective on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Barclays initiated coverage on Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target for the company. Robert W. Baird cut their target price on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group decreased their price target on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Finally, UBS Group lifted their price target on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $174.38.

Generac Trading Down 1.1 %

NYSE:GNRC opened at $136.10 on Wednesday. The firm has a market capitalization of $8.11 billion, a P/E ratio of 25.20, a P/E/G ratio of 1.44 and a beta of 1.50. The business has a 50 day simple moving average of $142.45 and a 200 day simple moving average of $158.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. Generac Holdings Inc. has a 12-month low of $117.16 and a 12-month high of $195.94.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (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%. Equities research analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

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.