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

First Eagle Investment Management LLC lifted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 8.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wellington Shields Capital Management LLC grew its stake in Generac by 42.7% in the fourth quarter. Wellington Shields Capital Management LLC now owns 535 shares of the technology company’s stock valued at $83,000 after purchasing an additional 160 shares in the last quarter. Wintrust Investments LLC grew its stake in shares of Generac by 55.1% in the fourth quarter. Wintrust Investments LLC now owns 428 shares of the technology company’s stock valued at $66,000 after buying an additional 152 shares in the last quarter. PFG Advisors acquired a new position in Generac during the fourth quarter worth $391,000. Wealthfront Advisers LLC bought a new stake in Generac during the fourth quarter worth $12,286,000. Finally, Inspire Advisors LLC acquired a new stake in Generac in the fourth quarter valued at $569,000. Institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

GNRC opened at $130.41 on Monday. The firm has a market cap of $7.77 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The business’s fifty day moving average is $146.05 and its 200-day moving average is $158.82. Generac Holdings Inc. has a 52-week low of $110.86 and a 52-week high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping 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 EPS for the current fiscal year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GNRC. Robert W. Baird dropped their target price on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. The Goldman Sachs Group cut their price objective on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Piper Sandler decreased their target price on Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus cut their price target on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Citigroup decreased their price objective on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $174.00.

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.