Dakota Wealth Management Grows Position in Generac Holdings Inc. (NYSE:GNRC)

Dakota Wealth Management boosted its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 59.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,998 shares of the technology company's stock after purchasing an additional 18,197 shares during the quarter. Dakota Wealth Management owned about 0.08% of Generac worth $7,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of GNRC. Raymond James Trust N.A. increased its stake in Generac by 52.8% in the 3rd quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company's stock worth $541,000 after purchasing an additional 1,177 shares during the period. Willis Investment Counsel boosted its position in Generac by 18.7% during the 3rd quarter. Willis Investment Counsel now owns 105,007 shares of the technology company's stock valued at $16,684,000 after acquiring an additional 16,541 shares in the last quarter. Nordea Investment Management AB purchased a new stake in Generac in the fourth quarter worth $5,229,000. Global Financial Private Client LLC bought a new position in shares of Generac in the 4th quarter worth about $614,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Generac by 85.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company's stock valued at $928,000 after purchasing an additional 3,244 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insider Activity at Generac

In related 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 transaction, the chief financial officer now owns 135,613 shares of the company's stock, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at approximately $89,904,937.50. The trade was 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 worth $7,577,703 over the last three months. Company insiders own 2.90% of the company's stock.

Wall Street Analysts Forecast Growth

GNRC has been the topic of a number of research analyst reports. Truist Financial lowered their price target on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Robert W. Baird reduced their price target on Generac from $187.00 to $181.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group lifted 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. JPMorgan Chase & Co. boosted their price target on Generac from $160.00 to $178.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Finally, Piper Sandler raised their price objective on Generac from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and an average price target of $174.30.

Generac Stock Down 3.3 %

GNRC stock traded down $5.35 on Wednesday, hitting $158.71. 680,023 shares of the company's stock were exchanged, compared to its average volume of 666,812. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. The stock has a market cap of $9.44 billion, a P/E ratio of 32.93, a price-to-earnings-growth ratio of 1.63 and a beta of 1.42. The firm has a 50 day moving average price of $170.24 and a two-hundred day moving average price of $161.08.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the previous year, the firm posted $1.64 EPS. The firm's revenue was up 9.6% compared to the same quarter last year. As a group, equities research analysts expect that Generac Holdings Inc. will post 6.91 EPS for the current fiscal year.

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.