Yorktown Management & Research Co Inc Decreases Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Yorktown Management & Research Co Inc lessened its stake in Generac Holdings Inc. (NYSE:GNRC) by 41.9% in the fourth quarter, HoldingsChannel reports. The firm owned 1,800 shares of the technology company’s stock after selling 1,300 shares during the period. Yorktown Management & Research Co Inc’s holdings in Generac were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GNRC shares. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Barclays started coverage on shares of Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective for the company. Truist Financial 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, January 16th. JPMorgan Chase & Co. boosted their price objective on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Piper Sandler boosted their price objective on shares of Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $174.30.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the sale, the chief executive officer now owns 570,825 shares of the company’s stock, valued at $89,904,937.50. This represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.90% of the company’s stock.

Generac Stock Performance

Shares of NYSE:GNRC opened at $142.30 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 1.51 and a beta of 1.42. The firm’s 50-day moving average is $162.81 and its 200 day moving average is $161.23. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94.

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.