Generac Holdings Inc. (NYSE:GNRC) Shares Purchased by X Square Capital LLC

X Square Capital LLC raised its position in Generac Holdings Inc. (NYSE:GNRC) by 0.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,361 shares of the technology company’s stock after buying an additional 134 shares during the quarter. X Square Capital LLC’s holdings in Generac were worth $2,227,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of GNRC. Allworth Financial LP grew its holdings in Generac by 3.0% during 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 grew its stake in shares of Generac by 42.0% during the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock worth $44,000 after purchasing an additional 84 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of Generac by 6.3% during 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 period. Personal CFO Solutions LLC increased its holdings in shares of Generac by 5.1% in the 4th quarter. Personal CFO Solutions LLC now owns 2,097 shares of the technology company’s stock valued at $325,000 after purchasing an additional 102 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its stake in shares of Generac by 0.8% in the third 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. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

GNRC has been the subject of a number of research analyst reports. Barclays initiated coverage on shares of Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price for the company. Bank of America began coverage on Generac in a report on Monday. They set a “buy” rating and a $182.00 price objective for the company. Robert W. Baird lowered their target price on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Citigroup decreased their price objective on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, UBS Group raised their target price on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Generac presently has an average rating of “Moderate Buy” and a consensus target price of $174.38.

Generac Price Performance

Generac stock opened at $131.19 on Friday. Generac Holdings Inc. has a 1 year low of $124.76 and a 1 year high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The firm has a 50 day moving average price of $141.35 and a 200 day moving average price of $157.70. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 24.29, a PEG 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, beating the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Sell-side analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the 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 completion of the sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at $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 available through the SEC website. 2.90% of the stock is currently owned by insiders.

About Generac

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.