First Eagle Investment Management LLC Has $402,000 Holdings in Generac Holdings Inc. (NYSE:GNRC)

First Eagle Investment Management LLC raised its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,592 shares of the technology company’s stock after buying an additional 200 shares during the period. First Eagle Investment Management LLC’s holdings in Generac were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of GNRC. Modus Advisors LLC acquired a new position in Generac in the fourth quarter worth $27,000. Cranbrook Wealth Management LLC bought a new position in shares of Generac in the fourth quarter valued at about $28,000. Versant Capital Management Inc raised its holdings in shares of Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after buying an additional 145 shares during the last quarter. Brooklyn Investment Group acquired a new position in Generac during the 3rd quarter worth about $31,000. Finally, SouthState Corp bought a new stake in Generac during the 3rd quarter worth about $32,000. Institutional investors own 84.04% of the company’s stock.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GNRC shares. Piper Sandler reduced their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group reduced their price objective on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Citigroup lowered their target price on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company cut their price target on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Finally, Stifel Nicolaus lowered their price objective on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Trading Up 2.1 %

NYSE:GNRC opened at $130.41 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The business’s 50-day simple moving average is $146.05 and its 200-day simple moving average is $158.82. Generac Holdings Inc. has a fifty-two week low of $110.86 and a fifty-two week high of $195.94. The stock has a market capitalization of $7.77 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates 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 expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal 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.