Oxford Asset Management LLP Takes Position in Generac Holdings Inc. (NYSE:GNRC)

Oxford Asset Management LLP acquired a new position 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 acquired 1,512 shares of the technology company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hurley Capital LLC bought a new stake in shares of Generac during the fourth quarter worth about $26,000. Modus Advisors LLC bought a new stake in Generac during the 4th quarter worth approximately $27,000. Cranbrook Wealth Management LLC acquired a new position in Generac in the 4th quarter valued at approximately $28,000. Versant Capital Management Inc raised its stake in shares of Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after acquiring an additional 145 shares during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Generac during the fourth quarter worth $31,000. Institutional investors own 84.04% of the company’s stock.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GNRC shares. Bank of America started coverage on Generac in a research report on Monday, March 24th. They set a “buy” rating and a $182.00 target price for the company. Robert W. Baird lowered their price objective on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Piper Sandler reduced their target price on Generac from $175.00 to $155.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Citigroup raised shares of Generac from a “neutral” rating to a “buy” rating and decreased their target price for the company from $162.00 to $138.00 in a research report on Thursday, April 17th. Finally, Stifel Nicolaus dropped their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and an average target price of $173.40.

Generac Price Performance

Shares of NYSE GNRC opened at $112.97 on Monday. 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 firm’s 50-day simple moving average is $124.62 and its 200 day simple moving average is $151.52. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94.

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

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.