Blair William & Co. IL Increases Holdings in Generac Holdings Inc. (NYSE:GNRC)

Blair William & Co. IL boosted its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 513,449 shares of the technology company's stock after purchasing an additional 16,432 shares during the quarter. Blair William & Co. IL owned about 0.86% of Generac worth $79,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Modus Advisors LLC purchased a new position in shares of Generac during the fourth quarter worth about $27,000. Versant Capital Management Inc raised its position in Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock valued at $28,000 after purchasing an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC bought a new stake in Generac during the fourth quarter worth about $28,000. Brooklyn Investment Group bought a new position in shares of Generac during the 3rd quarter valued at about $31,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Generac during the 4th quarter valued at about $31,000. 84.04% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the 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 transaction, the chief executive officer now directly owns 570,825 shares in the company, valued at $89,904,937.50. This trade represents a 0.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.90% of the company's stock.

Remove Ads

Analyst Ratings Changes

GNRC has been the topic of a number of recent research reports. Robert W. Baird reduced their price target on shares of Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Truist Financial cut their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. The Goldman Sachs Group decreased their price objective on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company dropped their target price on Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Finally, Stifel Nicolaus decreased their price target on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $174.38.

Generac Stock Down 1.1 %

GNRC traded down $1.38 on Monday, hitting $125.71. The company had a trading volume of 257,104 shares, compared to its average volume of 886,738. The stock has a fifty day simple moving average of $140.67 and a 200-day simple moving average of $157.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The firm has a market capitalization of $7.49 billion, a P/E ratio of 23.32, a P/E/G ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 52-week low of $123.18 and a 52-week high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating 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%. As a group, equities analysts expect 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.