LaFleur & Godfrey LLC Boosts Holdings in Generac Holdings Inc. (NYSE:GNRC)

LaFleur & Godfrey LLC increased its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,500 shares of the technology company's stock after purchasing an additional 4,350 shares during the quarter. Generac comprises about 1.4% of LaFleur & Godfrey LLC's portfolio, making the stock its 22nd biggest position. LaFleur & Godfrey LLC owned 0.11% of Generac worth $10,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of GNRC. Federated Hermes Inc. increased its stake in Generac by 7.6% during the 2nd quarter. Federated Hermes Inc. now owns 9,811 shares of the technology company's stock worth $1,297,000 after purchasing an additional 691 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Generac by 5.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company's stock worth $92,941,000 after purchasing an additional 35,026 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Generac by 32.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,170 shares of the technology company's stock valued at $684,000 after purchasing an additional 1,275 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Generac by 4.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,019 shares of the technology company's stock valued at $1,060,000 after purchasing an additional 341 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of Generac by 41.0% during the second quarter. Canada Pension Plan Investment Board now owns 7,475 shares of the technology company's stock worth $988,000 after buying an additional 2,175 shares during the period. Institutional investors and hedge funds own 84.04% of the company's stock.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $166.60, for a total transaction of $833,000.00. Following the transaction, the chief executive officer now owns 557,177 shares in the company, valued at approximately $92,825,688.20. This represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO York A. Ragen sold 29,081 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was 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 owns 135,613 shares of the company's stock, valued at $25,051,789.49. This trade represents a 17.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock valued at $7,577,703 in the last ninety days. 2.90% of the stock is owned by company insiders.

Generac Trading Up 0.5 %

Shares of Generac stock traded up $0.84 on Monday, hitting $161.12. The stock had a trading volume of 653,349 shares, compared to its average volume of 583,297. The stock has a 50 day moving average of $170.92 and a 200 day moving average of $160.92. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94. The firm has a market capitalization of $9.59 billion, a P/E ratio of 33.43, a PEG ratio of 1.59 and a beta of 1.42.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.27. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. Generac's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.64 earnings per share. Sell-side analysts expect that Generac Holdings Inc. will post 6.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GNRC shares. Citigroup decreased their target price on shares of Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. TD Cowen raised their price target on Generac from $172.00 to $183.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Robert W. Baird dropped their price target 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. Barclays assumed coverage on shares of Generac in a report on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 target price on the stock. Finally, Piper Sandler raised their target price on shares of Generac from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.