Harvest Fund Management Co. Ltd Buys Shares of 1,531 Generac Holdings Inc. (NYSE:GNRC)

Harvest Fund Management Co. Ltd acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,531 shares of the technology company’s stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Boston Partners boosted its position in shares of Generac by 39.0% during the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock worth $295,123,000 after buying an additional 533,612 shares during the period. Retirement Planning Co of New England Inc. boosted its position in shares of Generac by 34.6% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 2,133 shares of the technology company’s stock worth $331,000 after buying an additional 548 shares during the period. Cibc World Markets Corp raised its holdings in Generac by 45.0% during the fourth quarter. Cibc World Markets Corp now owns 6,696 shares of the technology company’s stock worth $1,038,000 after purchasing an additional 2,078 shares in the last quarter. Natixis Advisors LLC raised its holdings in Generac by 8.7% during the fourth quarter. Natixis Advisors LLC now owns 21,537 shares of the technology company’s stock worth $3,339,000 after purchasing an additional 1,724 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in Generac by 8.4% during the fourth quarter. First Eagle Investment Management LLC now owns 2,592 shares of the technology company’s stock worth $402,000 after purchasing an additional 200 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Price Performance

Shares of NYSE:GNRC opened at $131.57 on Friday. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 1 year low of $115.76 and a 1 year high of $195.94. The business has a fifty day simple moving average of $143.39 and a 200 day simple moving average of $158.05. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 24.36, 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 earnings per share (EPS) for the quarter, topping 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, sell-side analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Ratings Changes

GNRC has been the topic of several recent analyst reports. Barclays initiated coverage on Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 target price on the stock. The Goldman Sachs Group dropped their target price on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company dropped their target price on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Citigroup dropped their target price on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Robert W. Baird dropped their price target on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and an average price target of $174.00.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction 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 in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is owned by corporate insiders.

Generac 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.