Richardson Capital Management LLC Takes Position in Generac Holdings Inc. (NYSE:GNRC)

Richardson Capital Management LLC bought a new position in Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 493 shares of the technology company’s stock, valued at approximately $76,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 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. Disciplined Growth Investors Inc. MN grew its stake in shares of Generac by 5.6% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company’s stock worth $61,262,000 after buying an additional 20,576 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of 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. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Generac by 25.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 241,114 shares of the technology company’s stock worth $37,385,000 after buying an additional 48,765 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Trading Down 0.5 %

NYSE GNRC opened at $137.87 on Friday. 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 market capitalization of $8.22 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The company’s 50-day simple moving average is $153.28 and its two-hundred day simple moving average is $160.45. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Equities analysts forecast that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. UBS Group lifted their price target on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Truist Financial dropped their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Piper Sandler decreased their price target on Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus dropped their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Finally, Wells Fargo & Company reduced their target price 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Generac has an average rating of “Moderate Buy” and an average price target of $174.00.

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.