King Luther Capital Management Corp Has $69.54 Million Position in Generac Holdings Inc. (NYSE:GNRC)

King Luther Capital Management Corp decreased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 538,066 shares of the technology company’s stock after selling 41,204 shares during the quarter. King Luther Capital Management Corp’s holdings in Generac were worth $69,540,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GNRC. Peregrine Asset Advisers Inc. grew its position in Generac by 1.6% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 5,600 shares of the technology company’s stock valued at $724,000 after acquiring an additional 90 shares during the period. Lido Advisors LLC grew its holdings in shares of Generac by 2.9% in the 3rd quarter. Lido Advisors LLC now owns 4,143 shares of the technology company’s stock worth $451,000 after purchasing an additional 115 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of Generac by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 26,713 shares of the technology company’s stock worth $2,911,000 after purchasing an additional 140 shares in the last quarter. Pinnacle Bancorp Inc. lifted its holdings in Generac by 89.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company’s stock valued at $40,000 after purchasing an additional 147 shares during the last quarter. Finally, KCM Investment Advisors LLC boosted its position in Generac by 4.5% in the third quarter. KCM Investment Advisors LLC now owns 4,285 shares of the technology company’s stock valued at $467,000 after buying an additional 185 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. Canaccord Genuity Group raised their target price on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. TD Cowen reduced their price target on shares of Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. Finally, Oppenheimer increased their price objective on shares of Generac from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $142.40.

Generac Trading Up 2.0 %

Shares of Generac stock traded up $2.98 during trading on Tuesday, reaching $154.20. 1,069,464 shares of the company were exchanged, compared to its average volume of 1,064,990. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $156.95. The business has a 50-day moving average price of $130.74 and a 200-day moving average price of $122.48. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of 42.48, a P/E/G ratio of 1.98 and a beta of 1.41.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.16. The company had revenue of $889.27 million during the quarter, compared to analyst estimates of $886.60 million. Generac had a return on equity of 14.68% and a net margin of 5.68%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 EPS. Sell-side analysts anticipate that Generac Holdings Inc. will post 6.08 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $126.94, for a total transaction of $634,700.00. Following the transaction, the chief executive officer now directly owns 592,177 shares in the company, valued at $75,170,948.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Nam Tran Nguyen sold 546 shares of the company’s stock in a transaction that occurred 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 owns 3,512 shares in the company, valued at $493,611.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $126.94, for a total transaction of $634,700.00. Following the sale, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at approximately $75,170,948.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,546 shares of company stock valued at $1,411,190. Corporate insiders own 2.80% of the company’s stock.

Generac Company 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.