C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,278 shares of the technology company's stock, valued at approximately $1,439,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Modus Advisors LLC acquired a new stake in Generac during the fourth quarter worth about $27,000. Versant Capital Management Inc increased 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 worth $28,000 after purchasing an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC acquired a new stake in Generac during the fourth quarter worth about $28,000. Brooklyn Investment Group acquired a new stake in Generac during the third quarter worth about $31,000. Finally, SouthState Corp acquired a new stake in Generac during the third quarter worth about $32,000. 84.04% of the stock is owned by hedge funds and other institutional investors.
Generac Stock Performance
Shares of Generac stock traded down $0.03 during trading on Friday, reaching $146.80. The company's stock had a trading volume of 1,028,876 shares, compared to its average volume of 743,531. The company has a 50-day moving average price of $156.31 and a two-hundred day moving average price of $160.57. The firm has a market cap of $8.73 billion, a PE ratio of 30.46, a P/E/G ratio of 1.44 and a beta of 1.42. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.
Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.17% and a return on equity of 16.70%. On average, analysts forecast that Generac Holdings Inc. will post 6.91 EPS for the current year.
Insider Buying and Selling at Generac
In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares of the company's stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
GNRC has been the subject of a number of recent analyst reports. Truist Financial dropped 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. StockNews.com upgraded shares of Generac from a "hold" rating to a "buy" rating in a report on Monday, October 28th. Barclays started coverage on shares of Generac in a research note on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 price target for the company. Wells Fargo & Company decreased their price target on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research note on Thursday. Finally, Piper Sandler decreased their price target on shares of Generac from $185.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday. One research 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.com, Generac has an average rating of "Moderate Buy" and a consensus price target of $174.00.
Check Out Our Latest Stock Report on GNRC
About Generac
(
Free Report)
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.
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