Kennedy Capital Management LLC Sells 14,004 Shares of Generac Holdings Inc. (NYSE:GNRC)

Kennedy Capital Management LLC lessened its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 13.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 87,561 shares of the technology company’s stock after selling 14,004 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.15% of Generac worth $13,576,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GNRC. Allworth Financial LP lifted its stake in Generac by 3.0% in the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock worth $435,000 after acquiring an additional 80 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Generac by 42.0% during the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock valued at $44,000 after acquiring an additional 84 shares in the last quarter. Wedbush Securities Inc. increased its holdings in shares of Generac by 3.9% during the fourth quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company’s stock valued at $347,000 after acquiring an additional 84 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Generac by 61.7% in the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company’s stock worth $35,000 after buying an additional 87 shares in the last quarter. Finally, Cornerstone Wealth Management LLC increased its holdings in Generac by 6.3% in the 4th quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company’s stock worth $235,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Robert W. Baird cut their price target on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Citigroup reduced their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. UBS Group lifted their price objective on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Bank of America began coverage on Generac in a research report on Monday, March 24th. They set a “buy” rating and a $182.00 target price on the stock. Finally, Stifel Nicolaus cut their price objective on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $175.60.

Generac Trading Up 12.6 %

Shares of NYSE GNRC opened at $114.79 on Thursday. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $195.94. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $132.70 and a 200-day simple moving average of $155.69. The stock has a market capitalization of $6.84 billion, a PE ratio of 21.26, a PEG ratio of 1.44 and a beta of 1.58.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share 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%. On average, equities analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s 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 transaction, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.90% of the stock is currently owned by insiders.

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.