Eudaimonia Advisors LLC Sells 217 Shares of Generac Holdings Inc. (NYSE:GNRC)

Eudaimonia Advisors LLC decreased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,497 shares of the technology company’s stock after selling 217 shares during the quarter. Eudaimonia Advisors LLC’s holdings in Generac were worth $710,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BKM Wealth Management LLC acquired a new stake in Generac in the fourth quarter worth $28,000. Headlands Technologies LLC bought a new position in shares of Generac during the 3rd quarter worth $28,000. ORG Partners LLC purchased a new stake in shares of Generac during the 4th quarter valued at approximately $38,000. Pinnacle Bancorp Inc. boosted its stake in Generac by 89.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company’s stock worth $40,000 after purchasing an additional 147 shares during the period. Finally, Operose Advisors LLC purchased a new position in shares of Generac during the 3rd quarter valued at $40,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GNRC shares. Canaccord Genuity Group boosted their price objective on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Citigroup lifted their target price on Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Guggenheim downgraded Generac from a “buy” rating to a “neutral” rating in a research report on Thursday, February 15th. Robert W. Baird increased their target price on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, Canaccord Genuity Group lifted their target price on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. One 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.65.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $115.22, for a total transaction of $576,100.00. Following the completion of the transaction, the chief executive officer now owns 577,690 shares of the company’s stock, valued at $66,561,441.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.80% of the stock is currently owned by insiders.

Generac Stock Performance

Shares of NYSE:GNRC traded up $1.98 during trading on Tuesday, reaching $136.10. The company had a trading volume of 1,450,431 shares, compared to its average volume of 1,045,503. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.27 and a quick ratio of 0.94. The stock’s fifty day moving average price is $121.29 and its 200 day moving average price is $116.28. Generac Holdings Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $156.95. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 41.59, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45.

Generac (NYSE:GNRC) last posted its quarterly earnings results 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). Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company earned $1.78 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities research analysts predict that Generac Holdings Inc. will post 6.3 EPS for the current 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.