AlphaQuest LLC Has $1.29 Million Position in Generac Holdings Inc. (NYSE:GNRC)

AlphaQuest LLC raised its holdings in Generac Holdings Inc. (NYSE:GNRC) by 26.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,306 shares of the technology company’s stock after acquiring an additional 1,749 shares during the quarter. AlphaQuest LLC’s holdings in Generac were worth $1,288,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Modus Advisors LLC acquired a new stake in Generac in the fourth quarter valued at approximately $27,000. Cranbrook Wealth Management LLC acquired a new stake in Generac in the fourth quarter valued at approximately $28,000. Versant Capital Management Inc lifted its stake in Generac by 391.9% in 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 last quarter. Brooklyn Investment Group acquired a new stake in Generac in the third quarter valued at approximately $31,000. Finally, SouthState Corp acquired a new stake in Generac in the third quarter valued at approximately $32,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Trading Up 4.6 %

Shares of Generac stock opened at $136.85 on Monday. The firm has a market capitalization of $8.16 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The company’s fifty day moving average price is $148.62 and its two-hundred day moving average price is $159.69. Generac Holdings Inc. has a 52-week low of $110.35 and a 52-week 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%. On average, analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on GNRC shares. Piper Sandler reduced their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. UBS Group lifted their price target on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Citigroup dropped their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird dropped their price target on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group dropped their price target on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $174.00.

About Generac

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.