Greenwood Capital Associates LLC Lowers Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Greenwood Capital Associates LLC lowered its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,285 shares of the technology company’s stock after selling 193 shares during the period. Greenwood Capital Associates LLC’s holdings in Generac were worth $664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GNRC. Jennison Associates LLC boosted its position in shares of Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after acquiring an additional 384,434 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Generac by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after purchasing an additional 299,205 shares during the last quarter. International Assets Investment Management LLC grew its stake in Generac by 25,311.7% in the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock worth $42,433,000 after buying an additional 266,026 shares in the last quarter. Stephens Investment Management Group LLC increased its holdings in shares of Generac by 678.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock worth $30,560,000 after buying an additional 167,641 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Generac by 498.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,121 shares of the technology company’s stock valued at $19,555,000 after buying an additional 105,063 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the sale, the chief executive officer now directly owns 570,825 shares in the company, valued at $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GNRC shares. Truist Financial cut their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. upped their price objective on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. The Goldman Sachs Group boosted their target price on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Roth Mkm increased their price target on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $174.30.

Generac Stock Performance

Shares of GNRC stock opened at $142.30 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average of $162.81 and a 200 day moving average of $161.23. The firm has a market capitalization of $8.47 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 1.51 and a beta of 1.42. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94.

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.