Miller Financial Services LLC Purchases New Position in Generac Holdings Inc. (NYSE:GNRC)

Miller Financial Services LLC purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,822 shares of the technology company’s stock, valued at approximately $593,000.

Several other institutional investors have also recently added to or reduced their stakes in GNRC. Asset Management One Co. Ltd. lifted its holdings in Generac by 23.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,147 shares of the technology company’s stock valued at $182,000 after purchasing an additional 220 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Generac by 5.0% in the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock worth $11,324,000 after acquiring an additional 3,426 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new position in shares of Generac in the third quarter worth about $233,000. Sigma Planning Corp bought a new position in shares of Generac in the third quarter worth about $207,000. Finally, Delta Financial Advisors LLC raised its stake in shares of Generac by 24.5% in the third quarter. Delta Financial Advisors LLC now owns 5,909 shares of the technology company’s stock worth $939,000 after acquiring an additional 1,163 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Stock Down 3.6 %

Generac stock opened at $131.67 on Tuesday. The stock has a market capitalization of $7.85 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a twelve month low of $110.35 and a twelve month high of $195.94. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $148.15 and a 200-day moving average of $159.55.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. On average, equities research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GNRC. Piper Sandler dropped their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company lowered their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Citigroup lowered 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. Robert W. Baird lowered their price target on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Finally, UBS Group lifted their price target 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. One investment 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’s stock. Based on data from MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and an average price target of $174.00.

Insider Activity

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

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.