Proficio Capital Partners LLC Takes Position in Generac Holdings Inc. (NYSE:GNRC)

Proficio Capital Partners LLC bought a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 29,460 shares of the technology company's stock, valued at approximately $4,568,000.

A number of other hedge funds also recently added to or reduced their stakes in GNRC. Jennison Associates LLC boosted its position in Generac by 133.6% during the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock worth $104,227,000 after acquiring an additional 384,434 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings 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 last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in shares of Generac by 5.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company's stock valued at $61,262,000 after acquiring an additional 20,576 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Generac by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 379,859 shares of the technology company's stock valued at $58,897,000 after acquiring an additional 4,352 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on 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 directly owns 565,825 shares of the company's stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.90% of the company's stock.

Analysts Set New Price Targets

GNRC has been the topic of several recent research reports. UBS Group lifted their target price on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Barclays initiated coverage on shares of Generac in a research report on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 target price for the company. Citigroup lowered their price objective 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. The Goldman Sachs Group lowered their price objective on shares of Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Finally, Truist Financial lowered their price objective on shares of Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Generac has a consensus rating of "Moderate Buy" and a consensus target price of $174.00.

Generac Stock Down 1.3 %

GNRC stock traded down $1.80 during trading hours on Friday, hitting $131.57. The company's stock had a trading volume of 1,064,165 shares, compared to its average volume of 880,576. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average price of $143.91 and a two-hundred day moving average price of $158.15. The company has a market capitalization of $7.84 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 12 month low of $115.76 and a 12 month high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

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.