Miller Financial Services LLC bought a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,822 shares of the technology company's stock, valued at approximately $593,000.
Other hedge funds also recently made changes to their positions in the company. Modus Advisors LLC bought a new position in Generac during the 4th quarter valued at approximately $27,000. Versant Capital Management Inc grew its stake in shares of Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock worth $28,000 after acquiring an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC bought a new position in shares of Generac during the fourth quarter valued at $28,000. Brooklyn Investment Group purchased a new position in shares of Generac in the 3rd quarter worth about $31,000. Finally, Bank of Jackson Hole Trust bought a new position in Generac in the 4th quarter worth about $31,000. 84.04% of the stock is currently owned by institutional investors.
Generac Price Performance
Shares of GNRC stock traded up $1.48 during mid-day trading on Wednesday, hitting $132.82. The company had a trading volume of 381,881 shares, compared to its average volume of 881,852. 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's 50 day moving average price is $147.68 and its 200-day moving average price is $159.37. Generac Holdings Inc. has a 52-week low of $110.35 and a 52-week high of $195.94. The company has a market capitalization of $7.92 billion, a P/E ratio of 24.55, a P/E/G ratio of 1.44 and a beta of 1.50.
Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Equities research analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.
Insider Buying and Selling at Generac
In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.90% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group cut their price target on shares of Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Truist Financial decreased their price target on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Barclays started coverage on Generac in a research report on Wednesday, December 4th. They set an "equal weight" rating and a $189.00 price objective on the stock. UBS Group raised their price target on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Piper Sandler dropped their target price on shares of Generac from $185.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Generac has a consensus rating of "Moderate Buy" and an average price target of $174.00.
View Our Latest Report on GNRC
Generac Company Profile
(
Free Report)
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.
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