6,544 Shares in Generac Holdings Inc. (NYSE:GNRC) Bought by Columbia Asset Management

Columbia Asset Management purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,544 shares of the technology company’s stock, valued at approximately $1,015,000.

Other institutional investors have also added to or reduced their stakes in the company. Scholtz & Company LLC bought a new position in shares of Generac during the fourth quarter valued at about $1,836,000. Trexquant Investment LP raised its position in Generac by 233.2% during the 4th quarter. Trexquant Investment LP now owns 66,855 shares of the technology company’s stock valued at $10,366,000 after purchasing an additional 46,791 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Generac by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company’s stock worth $223,293,000 after buying an additional 14,844 shares during the period. Franklin Resources Inc. grew its position in shares of Generac by 145.7% in the 4th quarter. Franklin Resources Inc. now owns 70,707 shares of the technology company’s stock worth $10,963,000 after buying an additional 41,935 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Generac by 19.9% during the fourth quarter. Alliancebernstein L.P. now owns 370,477 shares of the technology company’s stock valued at $57,442,000 after buying an additional 61,481 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

GNRC stock opened at $126.30 on Wednesday. The stock’s 50 day simple moving average is $139.23 and its 200 day simple moving average is $157.60. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 12-month low of $122.86 and a 12-month high of $195.94. The stock has a market capitalization of $7.53 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50.

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 analysts’ consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. As a group, research analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Activity

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GNRC shares. 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 report on Thursday, February 13th. Piper Sandler cut their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group decreased their price target on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Guggenheim raised Generac from a “sell” rating to a “neutral” rating in a research report on Monday, March 17th. Finally, Bank of America assumed coverage on Generac in a research report on Monday, March 24th. They issued a “buy” rating and a $182.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.