Jones Financial Companies Lllp Boosts Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Jones Financial Companies Lllp boosted its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 84.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,840 shares of the technology company's stock after acquiring an additional 2,210 shares during the quarter. Jones Financial Companies Lllp's holdings in Generac were worth $750,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new position in Generac during the fourth quarter valued at approximately $70,000. QRG Capital Management Inc. acquired a new stake in Generac in the fourth quarter valued at approximately $297,000. Proficio Capital Partners LLC acquired a new stake in Generac in the fourth quarter valued at approximately $4,568,000. Oppenheimer & Co. Inc. boosted its position in Generac by 0.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 45,080 shares of the technology company's stock valued at $6,990,000 after buying an additional 306 shares in the last quarter. Finally, K.J. Harrison & Partners Inc acquired a new stake in Generac in the fourth quarter valued at approximately $471,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on GNRC shares. Truist Financial cut their target price on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Citigroup cut their target price on shares of Generac from $172.00 to $162.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Barclays started coverage on shares of Generac in a research report on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 target price on the stock. Wells Fargo & Company decreased their price target on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Finally, UBS Group upped their price target on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, Generac has an average rating of "Moderate Buy" and a consensus target price of $174.00.

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Generac Stock Up 4.6 %

Shares of NYSE:GNRC traded up $5.96 during trading on Friday, reaching $136.85. 1,305,263 shares of the stock were exchanged, compared to its average volume of 881,848. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. Generac Holdings Inc. has a 1-year low of $110.35 and a 1-year high of $195.94. The stock has a fifty day moving average of $148.62 and a two-hundred day moving average of $159.64. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping 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 anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Transactions at Generac

In related 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 transaction, the chief executive officer now owns 565,825 shares of the company's stock, valued at $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is owned by insiders.

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.