Hodges Capital Management Inc. Has $25.37 Million Holdings in Generac Holdings Inc. (NYSE:GNRC)

Hodges Capital Management Inc. lessened its position in Generac Holdings Inc. (NYSE:GNRC) by 1.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 163,637 shares of the technology company’s stock after selling 2,641 shares during the quarter. Generac makes up about 1.5% of Hodges Capital Management Inc.’s holdings, making the stock its 16th biggest holding. Hodges Capital Management Inc. owned 0.28% of Generac worth $25,372,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Modus Advisors LLC purchased a new stake in shares of Generac in the fourth quarter worth approximately $27,000. Versant Capital Management Inc increased its stake in Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after buying an additional 145 shares during the period. Cranbrook Wealth Management LLC purchased a new stake in Generac in the 4th quarter worth approximately $28,000. Brooklyn Investment Group acquired a new stake in shares of Generac during the 3rd quarter valued at $31,000. Finally, SouthState Corp purchased a new position in shares of Generac during the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In related news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the sale, the executive vice president now owns 10,738 shares of the company’s stock, valued at $1,971,282.04. The trade was a 22.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the transaction, the chief executive officer now directly owns 570,825 shares of the company’s stock, valued at $89,904,937.50. This trade represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,268 shares of company stock valued at $6,744,703 in the last quarter. Corporate insiders own 2.90% of the company’s stock.

Generac Trading Down 2.0 %

Shares of Generac stock opened at $149.27 on Monday. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The company’s fifty day simple moving average is $164.75 and its 200-day simple moving average is $161.42. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 1.51 and a beta of 1.42.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business earned $1.64 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, sell-side analysts expect that Generac Holdings Inc. will post 6.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GNRC. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. The Goldman Sachs Group lifted their price target on Generac from $148.00 to $193.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup dropped their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus lifted their target price on shares of Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. increased their price target on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $174.30.

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.