Generac Holdings Inc. (NYSE:GNRC) Position Boosted by Fiduciary Alliance LLC

Fiduciary Alliance LLC increased its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 101.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,260 shares of the technology company's stock after buying an additional 4,658 shares during the quarter. Fiduciary Alliance LLC's holdings in Generac were worth $1,436,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sunbelt Securities Inc. increased its position in Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock worth $27,000 after purchasing an additional 100 shares during the period. Modus Advisors LLC acquired a new position in Generac during the fourth quarter worth $27,000. Versant Capital Management Inc raised its position in Generac by 391.9% in 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 in the last quarter. Brooklyn Investment Group acquired a new stake in Generac in the third quarter valued at $31,000. Finally, SouthState Corp purchased a new stake in shares of Generac during the 3rd quarter worth $32,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Trading Up 0.8 %

GNRC stock traded up $1.24 on Tuesday, hitting $160.92. 901,151 shares of the company were exchanged, compared to its average volume of 712,919. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94. The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 2.04 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The business's fifty day moving average is $172.90 and its two-hundred day moving average is $160.20.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results 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 return on equity of 16.70% and a net margin of 7.17%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm earned $1.64 EPS. The firm's quarterly revenue was up 9.6% compared to the same quarter last year. As a group, research analysts forecast that Generac Holdings Inc. will post 6.84 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Generac from $160.00 to $178.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Truist Financial lifted their price target on shares of Generac from $170.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Barclays initiated coverage on Generac in a report on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 price target on the stock. Robert W. Baird reduced their price objective on Generac from $187.00 to $181.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Finally, StockNews.com raised Generac from a "hold" rating to a "buy" rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $174.80.

Insider Buying and Selling at Generac

In other Generac news, CFO York A. Ragen sold 29,081 shares of the firm's stock in a transaction on 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 sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the transaction, the executive vice president now directly owns 10,738 shares of the company's stock, valued at $1,971,282.04. The trade was a 22.89 % 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 valued at $7,577,703 in the last ninety days. Insiders own 2.90% of the company's stock.

About Generac

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.