Global Financial Private Client LLC Acquires Shares of 3,959 Generac Holdings Inc. (NYSE:GNRC)

Global Financial Private Client LLC purchased a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,959 shares of the technology company's stock, valued at approximately $614,000.

Other hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. lifted its stake in Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock worth $27,000 after acquiring an additional 100 shares during the period. Modus Advisors LLC bought a new position in Generac in the 4th quarter worth $27,000. Versant Capital Management Inc lifted its position in shares of Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock worth $28,000 after purchasing an additional 145 shares during the period. Brooklyn Investment Group bought a new stake in shares of Generac during the 3rd quarter valued at about $31,000. Finally, SouthState Corp purchased a new position in shares of Generac during the third quarter valued at about $32,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Wall Street Analysts Forecast Growth

GNRC has been the subject of several research analyst reports. Barclays began coverage on shares of Generac in a report on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 price objective for the company. Stifel Nicolaus raised their target price on Generac from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. upped their price target on Generac from $160.00 to $178.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Truist Financial increased their price objective on Generac from $170.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Finally, Citigroup dropped their target price on shares of Generac from $172.00 to $162.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $174.80.

Insider Buying and Selling at Generac

In related 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 transaction, the executive vice president now directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO York A. Ragen sold 29,081 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were 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 of the company's stock, valued at $25,051,789.49. This represents a 17.66 % decrease in their position. 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. 2.90% of the stock is owned by company insiders.

Generac Stock Performance

Shares of Generac stock traded up $1.24 during trading on Tuesday, hitting $160.92. 901,161 shares of the company's stock traded hands, compared to its average volume of 714,006. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The business has a 50-day simple moving average of $172.90 and a 200-day simple moving average of $160.20. 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 stock has a market capitalization of $9.57 billion, a P/E ratio of 33.39, a PEG ratio of 2.04 and a beta of 1.42.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.27. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business's revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.64 earnings per share. As a group, analysts forecast that Generac Holdings Inc. will post 6.84 EPS for the current year.

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.