Annex Advisory Services LLC Buys 19,565 Shares of Generac Holdings Inc. (NYSE:GNRC)

Annex Advisory Services LLC grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 26.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 94,667 shares of the technology company's stock after buying an additional 19,565 shares during the period. Annex Advisory Services LLC owned 0.16% of Generac worth $14,678,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in GNRC. Sunbelt Securities Inc. lifted its holdings in shares of Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Modus Advisors LLC acquired a new position in Generac in the 4th quarter worth $27,000. Versant Capital Management Inc lifted its holdings in 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 buying an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC acquired a new stake in shares of Generac in the 4th quarter valued at about $28,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Generac in the 3rd quarter valued at about $31,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Stock Performance

Generac stock traded up $0.84 during mid-day trading on Monday, reaching $161.12. The company had a trading volume of 653,349 shares, compared to its average volume of 583,297. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The company has a 50 day moving average of $170.92 and a 200-day moving average of $160.92. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.59 and a beta of 1.42.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.27. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $1.64 EPS. On average, sell-side analysts expect that Generac Holdings Inc. will post 6.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on GNRC. Robert W. Baird decreased their target price on shares of Generac from $187.00 to $181.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. Piper Sandler increased their target price on shares of Generac from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Barclays started coverage on shares of Generac in a research note on Wednesday, December 4th. They set an "equal weight" rating and a $189.00 target price for the company. The Goldman Sachs Group increased their target price on shares of Generac from $148.00 to $193.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, TD Cowen increased their target price on shares of Generac from $172.00 to $183.00 and gave the company a "buy" rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $174.30.

Insider Activity at Generac

In other news, CFO York A. Ragen sold 29,081 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the sale, the chief financial officer now directly owns 135,613 shares of the company's stock, valued at $25,051,789.49. This represents a 17.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the sale, the chief executive officer now directly owns 570,825 shares of the company's stock, valued at approximately $89,904,937.50. This trade represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,268 shares of company stock valued at $7,577,703 over the last ninety days. 2.90% of the stock is owned by insiders.

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.