EntryPoint Capital LLC Invests $534,000 in Generac Holdings Inc. (NYSE:GNRC)

EntryPoint Capital LLC purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,443 shares of the technology company’s stock, valued at approximately $534,000.

A number of other large investors have also recently made changes to their positions in the business. Raymond James Trust N.A. lifted its stake in Generac by 52.8% in the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock worth $541,000 after acquiring an additional 1,177 shares during the period. Nordea Investment Management AB purchased a new stake in shares of Generac in the 4th quarter worth about $5,229,000. Global Financial Private Client LLC bought a new stake in shares of Generac during the 4th quarter valued at about $614,000. Franklin Resources Inc. raised its stake in Generac by 106.1% in the third quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock worth $4,998,000 after buying an additional 14,811 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its position in Generac by 54.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 11,984 shares of the technology company’s stock valued at $1,904,000 after acquiring an additional 4,209 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s 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 transaction, the chief executive officer now owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.90% of the stock is currently owned by company insiders.

Generac Stock Up 4.6 %

GNRC stock opened at $137.61 on Tuesday. The business’s 50-day moving average price is $142.95 and its 200-day moving average price is $158.07. The stock has a market cap of $8.20 billion, a P/E ratio of 25.48, a PEG ratio of 1.44 and a beta of 1.50. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a twelve month low of $115.76 and a twelve month high of $195.94.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share 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, equities research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GNRC. The Goldman Sachs Group reduced their price target on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Truist Financial decreased their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Robert W. Baird dropped their price objective on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Piper Sandler dropped their price target on Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Finally, Wells Fargo & Company cut their target price on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $174.38.

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.