Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Condor Capital Management

Condor Capital Management cut its position in Generac Holdings Inc. (NYSE:GNRC) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,503 shares of the technology company’s stock after selling 83 shares during the period. Condor Capital Management’s holdings in Generac were worth $1,628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. iA Global Asset Management Inc. increased its position in shares of Generac by 82.0% in the 4th quarter. iA Global Asset Management Inc. now owns 3,812 shares of the technology company’s stock valued at $591,000 after purchasing an additional 1,717 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Generac by 28.5% in the 4th quarter. Teacher Retirement System of Texas now owns 16,342 shares of the technology company’s stock valued at $2,534,000 after purchasing an additional 3,621 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Generac in the 4th quarter valued at approximately $237,000. Boston Partners increased its position in shares of Generac by 39.0% in the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock valued at $295,123,000 after purchasing an additional 533,612 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. increased its position in shares of Generac by 34.6% in the 4th quarter. Retirement Planning Co of New England Inc. now owns 2,133 shares of the technology company’s stock valued at $331,000 after purchasing an additional 548 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Stock Up 1.5 %

GNRC stock opened at $133.82 on Thursday. Generac Holdings Inc. has a one year low of $112.81 and a one year high of $195.94. The stock has a market capitalization of $7.98 billion, a PE ratio of 24.78, 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 quick ratio of 0.97 and a current ratio of 1.97. The company has a fifty day moving average of $144.42 and a 200-day moving average of $158.32.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping 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%. As a group, analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’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 completion of the sale, the chief executive officer now 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 is available at this link. Company insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. The Goldman Sachs Group dropped their target price 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. Wells Fargo & Company dropped their target price on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Piper Sandler dropped their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Robert W. Baird dropped their target price 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, Barclays assumed coverage on shares of Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $174.00.

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.