Oarsman Capital Inc. Boosts Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Oarsman Capital Inc. grew its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,660 shares of the technology company’s stock after purchasing an additional 174 shares during the quarter. Oarsman Capital Inc.’s holdings in Generac were worth $1,343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GNRC. Allworth Financial LP lifted 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 valued at $435,000 after buying an additional 80 shares during the last quarter. Venturi Wealth Management LLC increased its stake 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 worth $44,000 after purchasing an additional 84 shares in the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Generac by 6.3% in the fourth quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company’s stock valued at $235,000 after purchasing an additional 90 shares during the period. Personal CFO Solutions LLC boosted its holdings in Generac by 5.1% in the 4th quarter. Personal CFO Solutions LLC now owns 2,097 shares of the technology company’s stock worth $325,000 after buying an additional 102 shares during the period. Finally, Retirement Systems of Alabama lifted its position in shares of Generac by 0.8% during the third quarter. Retirement Systems of Alabama now owns 13,476 shares of the technology company’s stock worth $2,141,000 after acquiring an additional 105 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac 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 sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of analyst reports. Citigroup decreased 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. Wells Fargo & Company decreased their price target on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group cut their price objective on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research 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, UBS Group boosted their price target on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $174.38.

Generac Trading Down 3.2 %

Shares of GNRC opened at $111.97 on Friday. The stock has a market capitalization of $6.67 billion, a P/E ratio of 20.74, a PEG ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a twelve month low of $105.41 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. The firm has a fifty day simple moving average of $136.90 and a two-hundred day simple moving average of $156.90.

Generac (NYSE:GNRC) last posted its earnings results 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%. On average, research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

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.