New Century Financial Group LLC Takes Position in Generac Holdings Inc. (NYSE:GNRC)

New Century Financial Group LLC acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,340 shares of the technology company's stock, valued at approximately $1,166,000.

Several other large investors have also modified their holdings of the stock. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Generac by 32.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,170 shares of the technology company's stock valued at $684,000 after acquiring an additional 1,275 shares during the period. Canada Pension Plan Investment Board raised its stake in Generac by 41.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 7,475 shares of the technology company's stock valued at $988,000 after purchasing an additional 2,175 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Generac by 234.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,215 shares of the technology company's stock valued at $161,000 after purchasing an additional 852 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of Generac by 11.0% in the second quarter. Public Sector Pension Investment Board now owns 10,277 shares of the technology company's stock worth $1,359,000 after buying an additional 1,018 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of Generac by 4.3% during the second quarter. Bank of Montreal Can now owns 97,617 shares of the technology company's stock valued at $13,496,000 after buying an additional 4,038 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GNRC. The Goldman Sachs Group raised their price objective on Generac from $148.00 to $193.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. StockNews.com upgraded shares of Generac from a "hold" rating to a "buy" rating in a report on Monday, October 28th. 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. TD Cowen boosted their price target on shares of Generac from $172.00 to $183.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Stifel Nicolaus increased their price objective on Generac from $185.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $174.30.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the transaction, the chief executive officer now directly owns 570,825 shares of the company's stock, valued at approximately $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO York A. Ragen sold 29,081 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the sale, the chief financial officer now directly owns 135,613 shares in the company, valued at $25,051,789.49. This trade represents a 17.66 % decrease in their ownership of the stock. 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 three months. 2.90% of the stock is owned by corporate insiders.

Generac Price Performance

NYSE:GNRC traded up $1.06 during trading hours on Friday, reaching $157.40. The company had a trading volume of 739,411 shares, compared to its average volume of 693,052. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average of $167.98 and a two-hundred day moving average of $161.30. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The firm has a market capitalization of $9.37 billion, a PE ratio of 32.65, a PEG ratio of 1.60 and a beta of 1.42.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.27. The business had revenue of $1.17 billion during 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%. The firm's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the company posted $1.64 EPS. Analysts forecast that Generac Holdings Inc. will post 6.91 earnings per share for the current year.

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.