Nebula Research & Development LLC Buys Shares of 23,463 Generac Holdings Inc. (NYSE:GNRC)

Nebula Research & Development LLC purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,463 shares of the technology company’s stock, valued at approximately $3,638,000. Generac comprises approximately 0.4% of Nebula Research & Development LLC’s holdings, making the stock its 21st biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Barclays PLC lifted its holdings in shares of Generac by 41.4% in the third quarter. Barclays PLC now owns 185,193 shares of the technology company’s stock valued at $29,425,000 after purchasing an additional 54,202 shares in the last quarter. Diamant Asset Management Inc. lifted its stake in Generac by 11.7% in the 3rd quarter. Diamant Asset Management Inc. now owns 3,810 shares of the technology company’s stock valued at $605,000 after buying an additional 400 shares in the last quarter. Morse Asset Management Inc lifted its stake in Generac by 2.4% in the 3rd quarter. Morse Asset Management Inc now owns 6,084 shares of the technology company’s stock valued at $967,000 after buying an additional 145 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Generac during the 3rd quarter valued at $51,000. Finally, Synovus Financial Corp purchased a new position in Generac during the third quarter worth $300,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the 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 completion of the transaction, the chief executive officer now owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GNRC has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Guggenheim raised shares of Generac from a “sell” rating to a “neutral” rating in a research report on Monday, March 17th. Citigroup upgraded shares of Generac from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $162.00 to $138.00 in a research report on Thursday, April 17th. Piper Sandler lowered their target price on shares of Generac from $175.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Finally, UBS Group increased their price target on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $173.40.

Generac Price Performance

Shares of NYSE GNRC opened at $113.85 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 1.44 and a beta of 1.58. The business has a 50-day moving average of $125.24 and a 200-day moving average of $152.16.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. On average, equities analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

About Generac

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.