Rathbones Group PLC raised its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 56.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,422 shares of the technology company's stock after acquiring an additional 7,367 shares during the quarter. Rathbones Group PLC's holdings in Generac were worth $3,166,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Hurley Capital LLC purchased a new position in shares of Generac during the 4th quarter worth $26,000. Modus Advisors LLC acquired a new stake in Generac in the 4th quarter worth about $27,000. Versant Capital Management Inc grew its holdings in Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock valued at $28,000 after buying an additional 145 shares during the period. Cranbrook Wealth Management LLC acquired a new position in shares of Generac during the 4th quarter valued at about $28,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Generac during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 84.04% of the company's stock.
Insider Buying and Selling
In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $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 can be accessed through the SEC website. 2.90% of the stock is owned by company insiders.
Generac Stock Up 1.6 %
NYSE GNRC traded up $1.74 on Friday, hitting $110.15. 767,492 shares of the stock traded hands, compared to its average volume of 889,276. The company has a market capitalization of $6.57 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The stock has a 50-day moving average of $131.98 and a 200 day moving average of $155.40. 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 twelve month low of $99.50 and a twelve month 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 (EPS) for the quarter, topping 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%. As a group, analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on GNRC shares. Citigroup dropped their price target 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. Piper Sandler cut their target price 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 lowered their price target on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Bank of America initiated coverage on Generac in a research note on Monday, March 24th. They issued a "buy" rating and a $182.00 price objective on the stock. Finally, UBS Group increased their target price 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. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $175.60.
Read Our Latest Report on Generac
Generac 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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