Ellsworth Advisors LLC Makes New $4.22 Million Investment in Generac Holdings Inc. (NYSE:GNRC)

Ellsworth Advisors LLC acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 27,222 shares of the technology company's stock, valued at approximately $4,221,000.

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

Insider Activity at Generac

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the sale, the executive vice president now owns 10,738 shares of the company's stock, valued at approximately $1,971,282.04. This trade represents a 22.89 % 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. Also, CFO York A. Ragen sold 29,081 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the transaction, the chief financial officer now directly owns 135,613 shares in the company, valued at approximately $25,051,789.49. This trade represents a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock worth $7,577,703 over the last 90 days. Company insiders own 2.90% of the company's stock.

Generac Stock Performance

Generac stock traded up $0.84 during mid-day trading on Monday, reaching $161.12. 653,349 shares of the company were exchanged, compared to its average volume of 583,297. The firm has a market cap of $9.59 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.59 and a beta of 1.42. 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 firm's 50-day simple moving average is $170.92 and its two-hundred day simple moving average is $160.92. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the previous year, the company posted $1.64 EPS. Generac's revenue was up 9.6% compared to the same quarter last year. Equities analysts predict that Generac Holdings Inc. will post 6.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GNRC. Stifel Nicolaus boosted their price target on Generac from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Piper Sandler increased their price target on Generac from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. The Goldman Sachs Group lifted their price objective on Generac from $148.00 to $193.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Truist Financial decreased their target price on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Barclays started coverage on Generac in a research report on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 target price for the company. One equities research 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 presently has an average rating of "Moderate Buy" and a consensus target price of $174.30.

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.