Fiduciary Financial Group LLC Buys New Position in Generac Holdings Inc. (NYSE:GNRC)

Fiduciary Financial Group LLC acquired a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,820 shares of the technology company's stock, valued at approximately $287,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GNRC. Sunbelt Securities Inc. increased its position in shares of Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Modus Advisors LLC purchased a new stake in Generac during the fourth quarter worth about $27,000. Versant Capital Management Inc increased its holdings 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 buying an additional 145 shares during the last quarter. Brooklyn Investment Group bought a new stake in Generac in the third quarter worth about $31,000. Finally, SouthState Corp purchased a new position in Generac in the third quarter valued at about $32,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Price Performance

Shares of GNRC stock traded down $0.01 during trading on Thursday, hitting $160.13. The company had a trading volume of 603,816 shares, compared to its average volume of 678,432. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The stock has a market capitalization of $9.53 billion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 1.59 and a beta of 1.42. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The stock's 50-day moving average is $171.48 and its two-hundred day moving average is $160.40.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share 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 firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter last year, the company posted $1.64 EPS. The business's quarterly revenue was up 9.6% on a year-over-year basis. As a group, analysts predict that Generac Holdings Inc. will post 6.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $166.60, for a total transaction of $833,000.00. Following the transaction, the chief executive officer now directly owns 557,177 shares of the company's stock, valued at approximately $92,825,688.20. This trade represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the sale, the executive vice president now directly owns 10,738 shares of the company's stock, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their position. 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 over the last 90 days. Insiders own 2.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GNRC. JPMorgan Chase & Co. raised their price target on shares of Generac from $160.00 to $178.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. TD Cowen raised their target price on Generac from $172.00 to $183.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Truist Financial lowered their price objective on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday. The Goldman Sachs Group lifted their target price on shares of Generac from $148.00 to $193.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. 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 objective for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $174.30.

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.