165 Shares in Generac Holdings Inc. (NYSE:GNRC) Purchased by Hurley Capital LLC

Hurley Capital LLC acquired a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 165 shares of the technology company’s stock, valued at approximately $26,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GNRC. Vanguard Group Inc. increased its holdings in Generac by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company’s stock worth $1,053,650,000 after acquiring an additional 47,450 shares in the last quarter. Boston Partners grew its position in shares of Generac by 39.0% in the fourth 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 period. Geode Capital Management LLC increased its stake in shares of Generac by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company’s stock worth $223,293,000 after purchasing an additional 14,844 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Generac by 81.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company’s stock worth $161,684,000 after purchasing an additional 469,575 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in Generac by 133.6% in the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after buying an additional 384,434 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the 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 sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is currently owned by company insiders.

Generac Stock Performance

NYSE:GNRC opened at $111.97 on Friday. Generac Holdings Inc. has a fifty-two week low of $105.41 and a fifty-two week high of $195.94. 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 50 day moving average price of $136.90 and a 200 day moving average price of $156.99. The stock has a market capitalization of $6.67 billion, a P/E ratio of 20.74, a PEG ratio of 1.44 and a beta of 1.58.

Generac (NYSE:GNRC) last released its quarterly 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 return on equity of 18.17% and a net margin of 7.36%. Equities research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on GNRC. Citigroup cut their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group reduced their price objective on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research note 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 for the company in a report on Thursday, February 13th. Wells Fargo & Company decreased their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Finally, UBS Group increased their price objective on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $175.60.

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.