Nwam LLC Buys 5,495 Shares of Generac Holdings Inc. (NYSE:GNRC)

Nwam LLC boosted its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 230.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,875 shares of the technology company's stock after buying an additional 5,495 shares during the quarter. Nwam LLC's holdings in Generac were worth $1,221,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in shares of Generac by 1.2% in the 4th quarter. Bank of New York Mellon Corp now owns 379,859 shares of the technology company's stock worth $58,897,000 after buying an additional 4,352 shares during the last quarter. Skylands Capital LLC increased its position in Generac by 21.0% during the 4th quarter. Skylands Capital LLC now owns 36,500 shares of the technology company's stock valued at $5,659,000 after purchasing an additional 6,330 shares during the period. Rothschild Investment LLC increased its position in Generac by 25.8% during the 4th quarter. Rothschild Investment LLC now owns 531 shares of the technology company's stock valued at $82,000 after purchasing an additional 109 shares during the period. Capital Advisors Ltd. LLC raised its holdings in Generac by 117.2% in the 4th quarter. Capital Advisors Ltd. LLC now owns 556 shares of the technology company's stock worth $86,000 after purchasing an additional 300 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Generac in the 4th quarter worth about $352,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

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Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares of the company's stock, 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 document filed with the SEC, which is accessible through this hyperlink. 2.90% of the stock is currently owned by insiders.

Generac Stock Performance

Shares of Generac stock traded down $5.36 during trading on Monday, hitting $130.79. 839,885 shares of the company's stock traded hands, compared to its average volume of 855,547. Generac Holdings Inc. has a 1 year low of $109.90 and a 1 year high of $195.94. The business has a 50-day simple moving average of $151.00 and a 200-day simple moving average of $160.41. The stock has a market capitalization of $7.80 billion, a P/E ratio of 24.22, a PEG 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 earnings per share (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%. As a group, analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Citigroup decreased their price target on shares of Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. UBS Group increased their target price on Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Piper Sandler dropped their price target on Generac from $185.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Truist Financial decreased their price objective on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Finally, The Goldman Sachs Group lowered their price objective on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. 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. Based on data from MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and a consensus target price of $174.00.

About Generac

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.