King Luther Capital Management Corp Has $75.57 Million Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

King Luther Capital Management Corp lifted its stake in Generac Holdings Inc. (NYSE:GNRC) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 487,402 shares of the technology company’s stock after acquiring an additional 5,105 shares during the period. King Luther Capital Management Corp owned approximately 0.82% of Generac worth $75,572,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of GNRC. Modus Advisors LLC acquired a new stake in shares of Generac in the fourth quarter worth $27,000. Versant Capital Management Inc grew its stake in shares of Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after acquiring an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC acquired a new stake in shares of Generac in the fourth quarter worth $28,000. Brooklyn Investment Group acquired a new stake in shares of Generac in the third quarter worth $31,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Generac in the fourth quarter worth $31,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Transactions at Generac

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

Generac Stock Performance

Generac stock opened at $131.67 on Tuesday. The stock has a 50-day simple moving average of $148.15 and a 200 day simple moving average of $159.55. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 12-month low of $110.35 and a 12-month high of $195.94. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC) last announced 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 return on equity of 18.17% and a net margin of 7.36%. On average, research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GNRC shares. Truist Financial lowered their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company reduced their target price on Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. The Goldman Sachs Group reduced their target price on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. UBS Group raised their target price on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Barclays assumed coverage on Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Generac has a consensus rating of “Moderate Buy” and an average target price of $174.00.

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.