Bank of Jackson Hole Trust Acquires New Holdings in Generac Holdings Inc. (NYSE:GNRC)

Bank of Jackson Hole Trust acquired a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 200 shares of the technology company’s stock, valued at approximately $31,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC increased its stake in Generac by 133.6% during the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after purchasing an additional 384,434 shares during the period. The Manufacturers Life Insurance Company increased its stake in Generac by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after purchasing an additional 299,205 shares during the period. International Assets Investment Management LLC increased its stake in Generac by 25,311.7% during the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock worth $42,433,000 after purchasing an additional 266,026 shares during the period. Stephens Investment Management Group LLC increased its stake in Generac by 678.5% during the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock worth $30,560,000 after purchasing an additional 167,641 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Generac by 819.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 183,254 shares of the technology company’s stock worth $28,738,000 after purchasing an additional 163,323 shares during the period. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Price Performance

Generac stock opened at $138.45 on Friday. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The business has a 50 day simple moving average of $153.86 and a 200-day simple moving average of $160.34. The stock has a market capitalization of $8.24 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 1.48 and a beta of 1.42.

Generac (NYSE:GNRC) last released 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%. Equities analysts predict that Generac Holdings Inc. will post 8.08 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on GNRC. 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 note on Thursday, February 13th. Wells Fargo & Company cut their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Barclays began coverage on Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective for the company. Piper Sandler lowered 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. Finally, UBS Group increased their price objective on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.00.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is currently owned by company insiders.

Generac 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.