Unified Investment Management Makes New $1.01 Million Investment in Generac Holdings Inc. (NYSE:GNRC)

Unified Investment Management bought a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,537 shares of the technology company's stock, valued at approximately $1,014,000. Generac comprises 1.2% of Unified Investment Management's portfolio, making the stock its 25th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC boosted its holdings in shares of Generac by 133.6% in the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock worth $104,227,000 after buying an additional 384,434 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Generac by 114.8% during 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 in the last quarter. Disciplined Growth Investors Inc. MN increased its position in shares of Generac by 5.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company's stock worth $61,262,000 after purchasing an additional 20,576 shares in the last quarter. Bank of New York Mellon Corp increased 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 worth $58,897,000 after buying an additional 4,352 shares during the last quarter. Finally, Stephens Investment Management Group LLC grew its position in Generac by 25.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 241,114 shares of the technology company's stock valued at $37,385,000 after acquiring an additional 48,765 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

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Generac Trading Up 0.6 %

GNRC stock traded up $0.84 during mid-day trading on Thursday, reaching $130.91. 872,523 shares of the stock traded hands, compared to its average volume of 878,004. Generac Holdings Inc. has a one year low of $110.21 and a one year high of $195.94. The stock has a market capitalization of $7.80 billion, a PE ratio of 24.24, a PEG ratio of 1.44 and a beta of 1.42. The business has a 50-day moving average price of $149.49 and a two-hundred day moving average price of $159.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 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%. Equities research analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on GNRC shares. Piper Sandler reduced their price target on Generac from $185.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Robert W. Baird cut their price objective 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. Barclays assumed coverage on shares of Generac in a research report on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 price target on the stock. The Goldman Sachs Group cut their price objective on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, Wells Fargo & Company cut their price objective on Generac from $175.00 to $165.00 and set an "equal weight" 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.