Trexquant Investment LP Buys 46,791 Shares of Generac Holdings Inc. (NYSE:GNRC)

Trexquant Investment LP lifted its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 233.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,855 shares of the technology company’s stock after purchasing an additional 46,791 shares during the period. Trexquant Investment LP owned 0.11% of Generac worth $10,366,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Modus Advisors LLC bought a new stake in Generac during the fourth quarter worth $27,000. Versant Capital Management Inc raised its holdings in shares of Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares during the period. Cranbrook Wealth Management LLC bought a new stake in shares of Generac in the 4th quarter valued at about $28,000. Bank of Jackson Hole Trust bought a new position in Generac during the fourth quarter worth about $31,000. Finally, Spire Wealth Management grew its holdings in Generac by 203.6% during the fourth quarter. Spire Wealth Management now owns 252 shares of the technology company’s stock worth $39,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.90% of the company’s stock.

Generac Stock Performance

Shares of Generac stock opened at $128.28 on Thursday. 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 company has a market cap of $7.65 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The company has a 50 day moving average of $138.62 and a 200-day moving average of $157.39. Generac Holdings Inc. has a 1-year low of $122.86 and a 1-year high of $195.94.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on GNRC. Piper Sandler cut their price objective on Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company cut their price target on Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Robert W. Baird decreased their price objective on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Guggenheim upgraded shares of Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. Finally, The Goldman Sachs Group decreased their price target on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $174.38.

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.