Herbst Group LLC Makes New $2.08 Million Investment in Generac Holdings Inc. (NYSE:GNRC)

Herbst Group LLC purchased a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,394 shares of the technology company's stock, valued at approximately $2,077,000.

A number of other institutional investors also recently bought and sold shares of the business. Raymond James Trust N.A. grew its position in shares of Generac by 52.8% in the 3rd quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company's stock valued at $541,000 after buying an additional 1,177 shares during the last quarter. Willis Investment Counsel increased its position in shares of Generac by 18.7% during the third quarter. Willis Investment Counsel now owns 105,007 shares of the technology company's stock worth $16,684,000 after purchasing an additional 16,541 shares in the last quarter. Nordea Investment Management AB purchased a new stake in shares of Generac in the 4th quarter valued at about $5,229,000. Global Financial Private Client LLC purchased a new stake in shares of Generac in the 4th quarter valued at about $614,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Generac by 85.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company's stock worth $928,000 after buying an additional 3,244 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Generac Trading Up 0.5 %

Shares of NYSE GNRC traded up $0.84 on Friday, reaching $161.12. 653,349 shares of the company traded hands, compared to its average volume of 583,297. The stock has a market capitalization of $9.59 billion, a PE ratio of 33.43, a P/E/G ratio of 1.59 and a beta of 1.42. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average of $170.92 and a 200 day moving average of $160.92.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.27. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. Generac's revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 earnings per share. On average, equities research analysts forecast that Generac Holdings Inc. will post 6.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Generac from a "hold" rating to a "buy" rating in a research note on Monday, October 28th. JPMorgan Chase & Co. upped their price target on shares of Generac from $160.00 to $178.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Robert W. Baird lowered their price objective on shares of Generac from $187.00 to $181.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group upped their target price on shares of Generac from $148.00 to $193.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Roth Mkm raised their price target on Generac from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Generac has a consensus rating of "Moderate Buy" and an average price target of $174.30.

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.