Jaffetilchin Investment Partners LLC Has $2.60 Million Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Jaffetilchin Investment Partners LLC raised its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 819.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,749 shares of the technology company's stock after buying an additional 14,928 shares during the period. Jaffetilchin Investment Partners LLC's holdings in Generac were worth $2,597,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hurley Capital LLC purchased a new position in Generac in the fourth quarter worth approximately $26,000. Modus Advisors LLC acquired a new stake in Generac in the fourth quarter valued at $27,000. Versant Capital Management Inc boosted its position in shares of Generac by 391.9% during the 4th 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. Cranbrook Wealth Management LLC acquired a new stake in shares of Generac during the 4th quarter worth about $28,000. Finally, Bank of Jackson Hole Trust purchased a new position in Generac in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Up 2.8 %

Shares of Generac stock traded up $3.12 on Monday, hitting $113.37. The company had a trading volume of 990,833 shares, compared to its average volume of 889,278. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The stock has a 50-day moving average of $131.34 and a 200-day moving average of $155.16. The firm has a market capitalization of $6.76 billion, a P/E ratio of 20.99, a P/E/G ratio of 1.44 and a beta of 1.58.

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Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. Research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.90% of the company's stock.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of recent research reports. Bank of America started coverage on shares of Generac in a research note on Monday, March 24th. They issued a "buy" rating and a $182.00 price objective on the stock. Wells Fargo & Company cut their price target on Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Truist Financial dropped their price objective on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Robert W. Baird dropped their price target on shares of Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Finally, Piper Sandler lowered their price objective on Generac from $185.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $175.60.

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.