Tandem Capital Management Corp ADV Makes New $205,000 Investment in Generac Holdings Inc. (NYSE:GNRC)

Tandem Capital Management Corp ADV purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the first quarter, Holdings Channel reports. The fund purchased 625 shares of the technology company’s stock, valued at approximately $205,000.

A number of other hedge funds have also made changes to their positions in the business. Kestra Advisory Services LLC lifted its holdings in shares of Generac by 2.0% in the first quarter. Kestra Advisory Services LLC now owns 1,998 shares of the technology company’s stock valued at $654,000 after buying an additional 39 shares during the period. Amalgamated Bank lifted its holdings in shares of Generac by 0.4% in the fourth quarter. Amalgamated Bank now owns 12,489 shares of the technology company’s stock valued at $2,840,000 after buying an additional 48 shares during the period. YorkBridge Wealth Partners LLC lifted its holdings in shares of Generac by 5.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,006 shares of the technology company’s stock valued at $329,000 after buying an additional 51 shares during the period. Kowal Investment Group LLC lifted its holdings in shares of Generac by 1.3% in the first quarter. Kowal Investment Group LLC now owns 4,003 shares of the technology company’s stock valued at $1,311,000 after buying an additional 52 shares during the period. Finally, Verition Fund Management LLC lifted its holdings in shares of Generac by 4.3% in the fourth quarter. Verition Fund Management LLC now owns 1,465 shares of the technology company’s stock valued at $333,000 after buying an additional 60 shares during the period. Institutional investors own 89.92% of the company’s stock.

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, May 3rd. The stock was sold at an average price of $323.97, for a total value of $1,619,850.00. Following the transaction, the chief executive officer now directly owns 644,731 shares of the company’s stock, valued at approximately $208,873,502.07. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 15,000 shares of company stock worth $4,925,000. Insiders own 2.80% of the company’s stock.

GNRC has been the subject of several research analyst reports. Stifel Nicolaus upped their price objective on Generac from $213.00 to $340.00 and gave the company a “hold” rating in a report on Tuesday, February 16th. Canaccord Genuity upped their target price on Generac from $383.00 to $406.00 and gave the company a “buy” rating in a report on Friday, April 30th. Zacks Investment Research raised Generac from a “hold” rating to a “buy” rating and set a $380.00 target price for the company in a report on Wednesday, February 17th. Oppenheimer upped their target price on Generac from $235.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, February 12th. Finally, Piper Sandler upped their target price on Generac from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $339.64.

GNRC stock traded up $1.74 during mid-day trading on Friday, hitting $346.36. The stock had a trading volume of 2,346 shares, compared to its average volume of 849,193. The company has a quick ratio of 1.71, a current ratio of 2.62 and a debt-to-equity ratio of 0.55. Generac Holdings Inc. has a 1-year low of $101.72 and a 1-year high of $364.00. The business’s fifty day moving average price is $321.10. The stock has a market cap of $21.81 billion, a PE ratio of 48.27, a price-to-earnings-growth ratio of 5.11 and a beta of 0.90.

Generac (NYSE:GNRC) last issued its earnings results on Thursday, April 29th. The technology company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.48. Generac had a return on equity of 38.90% and a net margin of 16.16%. As a group, equities analysts anticipate that Generac Holdings Inc. will post 9.94 earnings per share for the current year.

About Generac

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel; and batteries and inverters.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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