Keystone Investors PTE Ltd. Takes $232,000 Position in Generac Holdings Inc. (NYSE:GNRC)

Keystone Investors PTE Ltd. bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,496 shares of the technology company’s stock, valued at approximately $232,000.

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in shares of Generac by 3.0% during the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock worth $435,000 after purchasing an additional 80 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Generac by 42.0% in the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock valued at $44,000 after buying an additional 84 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of 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 purchasing an additional 90 shares during the last quarter. Personal CFO Solutions LLC increased its holdings in shares of Generac by 5.1% in the fourth quarter. Personal CFO Solutions LLC now owns 2,097 shares of the technology company’s stock valued at $325,000 after buying an additional 102 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its position in shares of Generac by 0.8% in the 3rd quarter. Retirement Systems of Alabama now owns 13,476 shares of the technology company’s stock valued at $2,141,000 after purchasing an additional 105 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Stock Performance

NYSE:GNRC opened at $137.61 on Tuesday. The business’s 50-day moving average price is $142.95 and its two-hundred day moving average price is $158.07. The stock has a market cap of $8.20 billion, a P/E ratio of 25.48, a PEG ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a twelve month low of $115.76 and a twelve month high of $195.94. 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 (NYSE:GNRC) last issued its earnings results 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%. As a group, equities analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Truist Financial reduced their price target 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. Stifel Nicolaus reduced their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Citigroup lowered their price target on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Bank of America assumed coverage on shares of Generac in a research note on Monday. They set a “buy” rating and a $182.00 target price for the company. Finally, The Goldman Sachs Group decreased their price objective on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and an average target price of $174.38.

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.