Headlands Technologies LLC Buys 1,221 Shares of Generac Holdings Inc. (NYSE:GNRC)

Headlands Technologies LLC lifted its stake in Generac Holdings Inc. (NYSE:GNRC) by 478.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,476 shares of the technology company’s stock after purchasing an additional 1,221 shares during the period. Headlands Technologies LLC’s holdings in Generac were worth $191,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Lido Advisors LLC grew its position in Generac by 2.9% during the third quarter. Lido Advisors LLC now owns 4,143 shares of the technology company’s stock valued at $451,000 after buying an additional 115 shares during the period. Treasurer of the State of North Carolina grew its position in Generac by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 26,713 shares of the technology company’s stock valued at $2,911,000 after buying an additional 140 shares during the period. Pinnacle Bancorp Inc. grew its position in Generac by 89.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company’s stock valued at $40,000 after buying an additional 147 shares during the period. Bridgecreek Investment Management LLC grew its position in Generac by 0.4% during the third quarter. Bridgecreek Investment Management LLC now owns 41,260 shares of the technology company’s stock valued at $4,496,000 after buying an additional 175 shares during the period. Finally, Mcdonald Partners LLC grew its position in Generac by 3.9% during the third quarter. Mcdonald Partners LLC now owns 4,675 shares of the technology company’s stock valued at $509,000 after buying an additional 175 shares during the period. 84.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GNRC shares. UBS Group cut their target price on shares of Generac from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Citigroup upped their price target on shares of Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Robert W. Baird upped their price target on shares of Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Roth Mkm upped their price target on shares of Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Finally, OTR Global upgraded shares of Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Generac has a consensus rating of “Moderate Buy” and an average target price of $141.65.

Generac Price Performance

Generac stock opened at $140.12 on Monday. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $156.95. The company has a quick ratio of 0.94, a current ratio of 2.27 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average is $122.62 and its 200 day moving average is $117.21. The company has a market cap of $8.45 billion, a price-to-earnings ratio of 42.59, a PEG ratio of 1.85 and a beta of 1.45.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a net margin of 5.33% and a return on equity of 14.15%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the business earned $1.78 EPS. Generac’s revenue for the quarter was up 1.4% compared to the same quarter last year. Sell-side analysts forecast that Generac Holdings Inc. will post 6.3 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the completion of the transaction, the chief executive officer now owns 592,177 shares in the company, valued at $75,170,948.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by company 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.