John G Ullman & Associates Inc. Buys 36,900 Shares of Generac Holdings Inc. (NYSE:GNRC)

John G Ullman & Associates Inc. increased its stake in Generac Holdings Inc. (NYSE:GNRC) by 234.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,650 shares of the technology company’s stock after purchasing an additional 36,900 shares during the quarter. Generac makes up approximately 1.1% of John G Ullman & Associates Inc.’s investment portfolio, making the stock its 27th biggest position. John G Ullman & Associates Inc. owned approximately 0.09% of Generac worth $6,804,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Generac in the 4th quarter worth $59,121,000. Macquarie Group Ltd. increased its stake in Generac by 61.8% in the 1st quarter. Macquarie Group Ltd. now owns 1,244,286 shares of the technology company’s stock worth $134,395,000 after buying an additional 475,104 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Generac in the 4th quarter worth $30,537,000. Mackenzie Financial Corp increased its stake in Generac by 13,944.2% in the 3rd quarter. Mackenzie Financial Corp now owns 297,456 shares of the technology company’s stock worth $30,683,000 after buying an additional 295,338 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of Generac by 32.6% during the fourth quarter. Morgan Stanley now owns 1,184,771 shares of the technology company’s stock valued at $119,259,000 after purchasing an additional 291,522 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Trading Up 0.5 %

Shares of Generac stock traded up $0.64 on Friday, hitting $134.11. 1,484,266 shares of the company traded hands, compared to its average volume of 1,033,117. The company has a market cap of $8.08 billion, a PE ratio of 40.57, a PEG ratio of 1.72 and a beta of 1.45. The stock’s 50 day moving average price is $120.92 and its 200-day moving average price is $115.54. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $156.95.

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

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at $75,170,948.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GNRC has been the subject of a number of research analyst reports. TD Cowen cut their price objective on Generac from $165.00 to $144.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Canaccord Genuity Group increased their price target on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. Roth Mkm increased their price target on shares of Generac from $105.00 to $118.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Canaccord Genuity Group increased their price target on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Citigroup increased their price target on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and an average price target of $140.80.

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.