Entropy Technologies LP Invests $897,000 in Generac Holdings Inc. (NYSE:GNRC)

Entropy Technologies LP bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,784 shares of the technology company’s stock, valued at approximately $897,000.

A number of other large investors have also recently added to or reduced their stakes in GNRC. Modus Advisors LLC acquired a new stake in shares of Generac during the 4th quarter valued at $27,000. Versant Capital Management Inc grew its holdings in shares of Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after acquiring an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC acquired a new stake in shares of Generac during the fourth quarter worth $28,000. Brooklyn Investment Group purchased a new stake in shares of Generac during the third quarter valued at $31,000. Finally, SouthState Corp acquired a new position in shares of Generac in the 3rd quarter valued at $32,000. 84.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Truist Financial reduced their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Roth Mkm upped their price target on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Barclays started coverage on Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price for the company. Finally, The Goldman Sachs Group upped their price target on Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and an average target price of $173.55.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.90% of the stock is currently owned by insiders.

Generac Trading Up 2.1 %

Generac stock opened at $145.15 on Tuesday. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The company’s fifty day moving average price is $159.98 and its two-hundred day moving average price is $160.93. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 1.44 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96.

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.