Greylin Investment Management Inc Has $1.44 Million Position in Generac Holdings Inc. (NYSE:GNRC)

Greylin Investment Management Inc grew its holdings in Generac Holdings Inc. (NYSE:GNRCFree Report) by 2.7% during the first quarter, Holdings Channel reports. The firm owned 11,426 shares of the technology company’s stock after acquiring an additional 297 shares during the quarter. Greylin Investment Management Inc’s holdings in Generac were worth $1,441,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GNRC. Stevens Capital Management LP acquired a new stake in shares of Generac in the 4th quarter valued at about $916,000. Duality Advisers LP acquired a new stake in Generac in the fourth quarter valued at approximately $964,000. Versor Investments LP bought a new stake in shares of Generac during the fourth quarter valued at approximately $452,000. Ninety One UK Ltd raised its position in shares of Generac by 13.4% during the fourth quarter. Ninety One UK Ltd now owns 476,897 shares of the technology company’s stock worth $61,634,000 after purchasing an additional 56,169 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Generac by 273.7% in the 4th quarter. State of Alaska Department of Revenue now owns 27,636 shares of the technology company’s stock worth $3,571,000 after purchasing an additional 20,240 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total value of $699,750.00. Following the completion of the transaction, the chief executive officer now directly owns 587,177 shares of the company’s stock, valued at $82,175,421.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Generac news, Director Nam Tran Nguyen sold 546 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $140.55, for a total value of $76,740.30. Following the completion of the transaction, the director now directly owns 3,512 shares of the company’s stock, valued at approximately $493,611.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total transaction of $699,750.00. Following the completion of the transaction, the chief executive officer now directly owns 587,177 shares in the company, valued at approximately $82,175,421.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,546 shares of company stock worth $1,411,190. 2.80% of the stock is owned by corporate insiders.

Generac Stock Performance

Shares of GNRC traded down $7.65 during mid-day trading on Thursday, hitting $144.14. The stock had a trading volume of 1,159,028 shares, compared to its average volume of 1,062,739. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.29 and a quick ratio of 0.97. The firm has a market cap of $8.74 billion, a P/E ratio of 39.71, a PEG ratio of 2.11 and a beta of 1.41. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $156.95. The business has a fifty day moving average price of $132.26 and a 200-day moving average price of $123.03.

Generac (NYSE:GNRCGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. The business had revenue of $889.27 million for the quarter, compared to analysts’ expectations of $886.60 million. Generac had a return on equity of 14.68% and a net margin of 5.68%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 EPS. On average, equities research analysts expect that Generac Holdings Inc. will post 6.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on GNRC shares. Truist Financial boosted their price target on shares of Generac from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday. Canaccord Genuity Group upped their target price on shares of Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, April 5th. UBS Group cut their price target on Generac from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Roth Mkm increased their price objective on Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Finally, TD Cowen dropped their target price on Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $142.15.

Read Our Latest Stock Analysis on GNRC

Generac Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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