Generac Holdings Inc. (NYSE:GNRC) Shares Acquired by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 234.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,650 shares of the technology company’s stock after acquiring an additional 36,900 shares during the quarter. Generac accounts for approximately 1.1% of John G Ullman & Associates Inc.’s portfolio, making the stock its 27th largest holding. John G Ullman & Associates Inc.’s holdings in Generac were worth $6,804,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GNRC. Norges Bank purchased a new stake in Generac during the fourth quarter worth about $59,121,000. Macquarie Group Ltd. boosted its holdings in Generac by 61.8% during the first quarter. Macquarie Group Ltd. now owns 1,244,286 shares of the technology company’s stock worth $134,395,000 after buying an additional 475,104 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Generac during the fourth quarter worth about $30,537,000. Mackenzie Financial Corp boosted its holdings in Generac by 13,944.2% during the third quarter. Mackenzie Financial Corp now owns 297,456 shares of the technology company’s stock worth $30,683,000 after buying an additional 295,338 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in Generac by 32.6% during the fourth quarter. Morgan Stanley now owns 1,184,771 shares of the technology company’s stock worth $119,259,000 after buying an additional 291,522 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $126.94, for a total value of $634,700.00. Following the completion of the sale, the chief executive officer now owns 592,177 shares of the company’s stock, valued at $75,170,948.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the topic of several recent research reports. Canaccord Genuity Group upped their price target on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. Guggenheim downgraded shares of Generac from a “buy” rating to a “neutral” rating in a report on Thursday, February 15th. Roth Mkm upped their price target on shares of Generac from $105.00 to $118.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. OTR Global raised shares of Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. Finally, Canaccord Genuity Group boosted their price objective on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen 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 $140.80.

Generac Trading Up 0.5 %

GNRC stock traded up $0.64 on Friday, hitting $134.11. 1,484,266 shares of the company were exchanged, compared to its average volume of 1,033,117. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $156.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.27 and a quick ratio of 0.94. The business’s fifty day moving average is $120.92 and its two-hundred day moving average is $115.54. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of 40.57, a price-to-earnings-growth ratio of 1.72 and a beta of 1.45.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company posted $1.78 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, research analysts forecast that Generac Holdings Inc. will post 6.3 earnings per share for the current year.

Generac 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.