Crossmark Global Holdings Inc. Increases Holdings in Generac Holdings Inc. (NYSE:GNRC)

Crossmark Global Holdings Inc. lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 323.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,960 shares of the technology company's stock after purchasing an additional 6,843 shares during the period. Crossmark Global Holdings Inc.'s holdings in Generac were worth $1,389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its position in shares of Generac by 114.8% in the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company's stock valued at $88,944,000 after buying an additional 299,205 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Generac by 21.4% in the 2nd quarter. Mackenzie Financial Corp now owns 420,121 shares of the technology company's stock valued at $55,548,000 after acquiring an additional 74,115 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its position in shares of Generac by 5.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company's stock valued at $61,262,000 after acquiring an additional 20,576 shares during the period. Jennison Associates LLC acquired a new position in Generac in the third quarter valued at about $45,722,000. Finally, International Assets Investment Management LLC lifted its position in Generac by 25,311.7% during the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company's stock worth $42,433,000 after purchasing an additional 266,026 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Stock Up 0.7 %

Shares of Generac stock traded up $1.06 on Friday, hitting $157.40. The company had a trading volume of 739,411 shares, compared to its average volume of 558,394. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 32.65, a P/E/G ratio of 1.60 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. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The stock has a 50 day moving average of $167.98 and a 200-day moving average of $161.43.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping 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 business 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 earned $1.64 earnings per share. The firm's revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Generac Holdings Inc. will post 6.91 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the sale, the executive vice president now directly owns 10,738 shares in the company, valued at approximately $1,971,282.04. The trade was a 22.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the transaction, the chief executive officer now directly owns 570,825 shares of the company's stock, valued at approximately $89,904,937.50. This trade represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,268 shares of company stock valued at $7,577,703. Company insiders own 2.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GNRC. Piper Sandler upped their price objective on Generac from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Truist Financial dropped their target price 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. TD Cowen lifted their price target on shares of Generac from $172.00 to $183.00 and gave the company a "buy" rating in a report on Friday, November 1st. Citigroup dropped their price objective on shares of Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group boosted 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. One investment 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. Based on data from MarketBeat, Generac currently has a consensus 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.