Brophy Wealth Management LLC Makes New Investment in Generac Holdings Inc. (NYSE:GNRC)

Brophy Wealth Management LLC purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the third quarter, HoldingsChannel.com reports. The fund purchased 3,905 shares of the technology company’s stock, valued at approximately $620,000.

Several other institutional investors have also modified their holdings of the company. Empirical Finance LLC increased its holdings in Generac by 4.1% during the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock valued at $268,000 after acquiring an additional 66 shares in the last quarter. Duncker Streett & Co. Inc. grew its position in shares of Generac by 2.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock valued at $388,000 after purchasing an additional 68 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in shares of Generac by 0.3% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock worth $2,981,000 after purchasing an additional 75 shares in the last quarter. Nicollet Investment Management Inc. raised its position in shares of Generac by 1.1% during the 3rd quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock worth $1,250,000 after purchasing an additional 82 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in Generac by 6.5% in the 3rd quarter. Mather Group LLC. now owns 1,528 shares of the technology company’s stock valued at $243,000 after buying an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

NYSE GNRC opened at $176.83 on Tuesday. The business’s 50-day simple moving average is $176.57 and its 200-day simple moving average is $156.85. The firm has a market capitalization of $10.52 billion, a P/E ratio of 36.69, a P/E/G ratio of 2.18 and a beta of 1.39. Generac Holdings Inc. has a 1-year low of $108.89 and a 1-year high of $195.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company posted $1.64 earnings per share. Generac’s revenue was up 9.6% compared to the same quarter last year. Equities analysts predict that Generac Holdings Inc. will post 6.84 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on GNRC shares. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Roth Mkm boosted their target price on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Piper Sandler raised their price target on shares of Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. 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 objective for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.30.

Insider Activity at Generac

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the transaction, the executive vice president now directly owns 10,738 shares in the company, valued at approximately $1,971,282.04. This represents a 22.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the sale, the chief executive officer now directly owns 557,177 shares in the company, valued at $92,825,688.20. This trade represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 42,268 shares of company stock worth $7,584,853. Corporate insiders own 2.90% of the company’s stock.

Generac Company Profile

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.