Evercore Wealth Management LLC Has $66.68 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

Evercore Wealth Management LLC grew its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 430,068 shares of the technology company's stock after acquiring an additional 17,711 shares during the period. Evercore Wealth Management LLC owned 0.72% of Generac worth $66,682,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB bought a new stake in shares of Generac during the 4th quarter valued at $5,229,000. Global Financial Private Client LLC bought a new stake in Generac in the fourth quarter valued at about $614,000. Franklin Resources Inc. lifted its stake in Generac by 106.1% in the third quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company's stock valued at $4,998,000 after buying an additional 14,811 shares during the period. Barclays PLC boosted its holdings in Generac by 41.4% during the third quarter. Barclays PLC now owns 185,193 shares of the technology company's stock worth $29,425,000 after buying an additional 54,202 shares during the last quarter. Finally, Dakota Wealth Management grew its position in shares of Generac by 59.1% during the 4th quarter. Dakota Wealth Management now owns 48,998 shares of the technology company's stock worth $7,597,000 after buying an additional 18,197 shares during the period. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Trading Up 3.8 %

Shares of GNRC opened at $110.67 on Wednesday. The business's fifty day moving average is $126.63 and its 200-day moving average is $152.87. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 1.44 and a beta of 1.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping 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%. Equities analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the transaction, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Truist Financial decreased their price objective on shares of Generac from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Robert W. Baird dropped their price target on Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Piper Sandler cut their price objective on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Citigroup raised shares of Generac from a "neutral" rating to a "buy" rating and decreased their target price for the company from $162.00 to $138.00 in a research note on Thursday, April 17th. Finally, Wells Fargo & Company lowered their target price on Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $173.40.

Generac 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.

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