3,000 Shares in Generac Holdings Inc. (NYSE:GNRC) Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc bought a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,000 shares of the technology company's stock, valued at approximately $471,000.

Other large investors also recently modified their holdings of the company. Empirical Finance LLC increased its position in Generac by 4.1% during the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company's stock valued at $268,000 after purchasing an additional 66 shares during the period. Allworth Financial LP raised its stake in Generac by 3.0% during the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock worth $435,000 after buying an additional 80 shares during the period. Nicollet Investment Management Inc. boosted its holdings in Generac by 1.1% in the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company's stock worth $1,250,000 after acquiring an additional 82 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Generac by 42.0% in the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after acquiring an additional 84 shares during the period. Finally, Cornerstone Wealth Management LLC increased its holdings in shares of Generac by 6.3% during the fourth quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company's stock valued at $235,000 after acquiring an additional 90 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

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Generac Stock Performance

Shares of NYSE GNRC traded down $5.36 during trading on Monday, reaching $130.79. 839,885 shares of the stock traded hands, compared to its average volume of 855,547. The company has a 50-day moving average of $151.00 and a 200-day moving average of $160.41. Generac Holdings Inc. has a 52-week low of $109.90 and a 52-week high of $195.94. The stock has a market capitalization of $7.80 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. 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 (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Analysts forecast that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on GNRC shares. Barclays assumed coverage on shares of Generac in a research note on Wednesday, December 4th. They set an "equal weight" rating and a $189.00 price target for the company. Robert W. Baird lowered their target price on shares of Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. The Goldman Sachs Group cut their price target on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Piper Sandler lowered their price objective on Generac from $185.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Finally, Citigroup cut their price objective 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 research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $174.00.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.90% of the stock is owned by corporate insiders.

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.