Proficio Capital Partners LLC acquired a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 29,460 shares of the technology company's stock, valued at approximately $4,568,000.
Other institutional investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. lifted its position in Generac by 52.8% in the 3rd quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company's stock valued at $541,000 after acquiring an additional 1,177 shares in the last quarter. Nordea Investment Management AB bought a new stake in Generac during the 4th quarter worth about $5,229,000. Global Financial Private Client LLC bought a new stake in Generac during the 4th quarter worth about $614,000. Principal Financial Group Inc. lifted its position in Generac by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company's stock worth $11,324,000 after buying an additional 3,426 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Generac by 106.1% during the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company's stock worth $4,998,000 after buying an additional 14,811 shares in the last quarter. 84.04% of the stock is owned by institutional investors.
Generac Stock Performance
Shares of NYSE:GNRC traded up $5.96 on Friday, reaching $136.85. 1,305,263 shares of the company's stock were exchanged, compared to its average volume of 881,888. The company has a fifty day moving average of $148.62 and a 200-day moving average of $159.58. Generac Holdings Inc. has a twelve month low of $110.35 and a twelve month high of $195.94. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.44 and a beta of 1.42. 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 (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have commented on GNRC. Stifel Nicolaus cut their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Truist Financial cut their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Robert W. Baird cut their price target on shares of Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. UBS Group boosted their price target on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Wells Fargo & Company dropped their target price on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.00.
Get Our Latest Report on GNRC
Insiders Place Their Bets
In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following 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 SEC, which is accessible through this link. Company insiders own 2.90% of the company's stock.
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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