PFG Advisors Makes New $391,000 Investment in Generac Holdings Inc. (NYSE:GNRC)

PFG Advisors acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,522 shares of the technology company's stock, valued at approximately $391,000.

A number of other large investors also recently made changes to their positions in the stock. Jennison Associates LLC lifted its stake in shares of Generac by 133.6% in the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock valued at $104,227,000 after purchasing an additional 384,434 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Generac by 114.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company's stock valued at $88,944,000 after purchasing an additional 299,205 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Generac by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company's stock valued at $86,516,000 after purchasing an additional 2,015 shares during the period. King Luther Capital Management Corp lifted its stake in shares of Generac by 1.1% in the 4th quarter. King Luther Capital Management Corp now owns 487,402 shares of the technology company's stock valued at $75,572,000 after purchasing an additional 5,105 shares during the period. Finally, Disciplined Growth Investors Inc. MN raised its stake in Generac by 5.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company's stock worth $61,262,000 after buying an additional 20,576 shares during the period. Institutional investors and hedge funds own 84.04% of the company's stock.

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Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

Generac Stock Up 1.5 %

Shares of NYSE GNRC traded up $1.93 during mid-day trading on Wednesday, hitting $133.82. The company had a trading volume of 626,060 shares, compared to its average volume of 881,057. The company has a market capitalization of $7.98 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The firm has a 50-day simple moving average of $144.92 and a two-hundred day simple moving average of $158.49. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a one year low of $110.86 and a one year high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. On average, equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on GNRC shares. Piper Sandler dropped their price objective on Generac from $185.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group dropped their price objective on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Truist Financial dropped their price objective on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Guggenheim raised Generac from a "sell" rating to a "neutral" rating in a research note on Monday. Finally, UBS Group raised their price objective on Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $174.00.

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.