Entropy Technologies LP Invests $897,000 in Generac Holdings Inc. (NYSE:GNRC)

Entropy Technologies LP acquired a new position in Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,784 shares of the technology company’s stock, valued at approximately $897,000.

Several other large investors have also recently bought and sold shares of GNRC. Modus Advisors LLC acquired a new stake in Generac in the 4th quarter worth $27,000. Cranbrook Wealth Management LLC acquired a new stake in Generac during the fourth quarter worth about $28,000. Versant Capital Management Inc increased its stake in Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after acquiring an additional 145 shares during the period. Brooklyn Investment Group acquired a new position in Generac in the 3rd quarter valued at approximately $31,000. Finally, SouthState Corp acquired a new stake in shares of Generac during the 3rd quarter worth approximately $32,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated 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 sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. 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 currently owned by corporate insiders.

Generac Trading Up 2.1 %

Shares of NYSE GNRC opened at $145.15 on Tuesday. Generac Holdings Inc. has a 1-year low of $108.89 and a 1-year high of $195.94. The company has a 50-day moving average of $159.98 and a two-hundred day moving average of $160.93. The company has a market cap of $8.64 billion, a PE ratio of 30.11, a P/E/G ratio of 1.44 and a beta of 1.42. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

Analyst Ratings Changes

GNRC has been the subject of a number of recent research reports. Truist Financial cut their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Barclays started coverage on shares of Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective for the company. Citigroup lowered their target price on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus raised their price target on shares of Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Roth Mkm upped their price objective on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and an average target price of $173.55.

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.