Values First Advisors Inc. Takes $323,000 Position in Generac Holdings Inc. (NYSE:GNRC)

Values First Advisors Inc. bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,081 shares of the technology company's stock, valued at approximately $323,000.

Several other large investors also recently added to or reduced their stakes in GNRC. Empirical Finance LLC increased its stake in shares of Generac by 4.1% in the third quarter. Empirical Finance LLC now owns 1,689 shares of the technology company's stock worth $268,000 after acquiring an additional 66 shares during the last quarter. Nicollet Investment Management Inc. boosted its holdings in Generac by 1.1% during the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company's stock valued at $1,250,000 after acquiring an additional 82 shares during the period. Cornerstone Wealth Management LLC raised its position in Generac by 6.3% in the fourth quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company's stock worth $235,000 after purchasing an additional 90 shares in the last quarter. Blue Trust Inc. lifted its stake in Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock worth $36,000 after purchasing an additional 97 shares during the period. Finally, Retirement Systems of Alabama lifted its stake in Generac by 0.8% during the third quarter. Retirement Systems of Alabama now owns 13,476 shares of the technology company's stock worth $2,141,000 after purchasing an additional 105 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the transaction, the chief executive officer now owns 570,825 shares in the company, valued at $89,904,937.50. This represents a 0.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GNRC. Truist Financial cut their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company cut their target price on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research note on Thursday. Roth Mkm boosted their price objective on shares of Generac from $160.00 to $175.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Barclays assumed coverage on shares of Generac in a report on Wednesday, December 4th. They set an "equal weight" rating and a $189.00 target price for the company. Finally, The Goldman Sachs Group decreased their price target on shares of Generac from $193.00 to $168.00 and set a "buy" rating for the company in a report on Thursday. 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. Based on data from MarketBeat, Generac has an average rating of "Moderate Buy" and an average target price of $174.00.

Generac Stock Performance

Shares of GNRC stock traded down $0.03 on Friday, reaching $146.80. The stock had a trading volume of 1,028,876 shares, compared to its average volume of 743,531. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The firm's 50-day moving average is $156.31 and its two-hundred day moving average is $160.57. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 30.46, a P/E/G ratio of 1.44 and a beta of 1.42. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.17% and a return on equity of 16.70%. On average, research analysts expect that Generac Holdings Inc. will post 6.91 EPS for the current fiscal 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.