Dillon & Associates Inc. boosted its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 20.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,163 shares of the technology company's stock after buying an additional 2,542 shares during the quarter. Dillon & Associates Inc.'s holdings in Generac were worth $2,350,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. raised its holdings in shares of Generac by 52.8% during the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company's stock valued at $541,000 after acquiring an additional 1,177 shares in the last quarter. Nordea Investment Management AB bought a new position in Generac in the 4th quarter worth $5,229,000. Global Financial Private Client LLC purchased a new stake in shares of Generac in the 4th quarter worth about $614,000. Franklin Resources Inc. boosted its stake in shares of Generac by 106.1% during the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company's stock valued at $4,998,000 after purchasing an additional 14,811 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its position in shares of Generac by 54.1% during the third quarter. Glenmede Trust Co. NA now owns 11,984 shares of the technology company's stock valued at $1,904,000 after buying an additional 4,209 shares during the period. Hedge funds and other institutional investors own 84.04% of the company's stock.
Insider Buying and Selling at Generac
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total value of $787,500.00. Following the transaction, the chief executive officer now owns 570,825 shares of the company's stock, valued at approximately $89,904,937.50. This represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.90% of the company's stock.
Generac Stock Performance
Shares of Generac stock traded down $3.98 during trading on Friday, hitting $127.11. 596,441 shares of the company's stock traded hands, compared to its average volume of 889,223. Generac Holdings Inc. has a 1 year low of $125.00 and a 1 year high of $195.94. The business has a 50-day simple moving average of $140.67 and a 200-day simple moving average of $157.59. The stock has a market capitalization of $7.58 billion, a P/E ratio of 23.54, a PEG ratio of 1.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.
Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. As a group, analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts have weighed in on GNRC shares. Robert W. Baird cut their price objective on Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group dropped their price target on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Guggenheim upgraded Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Citigroup dropped their target price on shares of Generac from $172.00 to $162.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Finally, Barclays assumed 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. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $174.38.
View Our Latest Stock Report on GNRC
Generac Profile
(
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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