Stephens Investment Management Group LLC Raises Position in Generac Holdings Inc. (NYSE:GNRC)

Stephens Investment Management Group LLC boosted its position in Generac Holdings Inc. (NYSE:GNRC) by 25.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 241,114 shares of the technology company’s stock after purchasing an additional 48,765 shares during the period. Stephens Investment Management Group LLC owned about 0.41% of Generac worth $37,385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GNRC. Modus Advisors LLC purchased a new position in shares of Generac during the 4th quarter valued at $27,000. Versant Capital Management Inc raised its stake in Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after acquiring an additional 145 shares during the period. Cranbrook Wealth Management LLC purchased a new stake in Generac during the fourth quarter valued at about $28,000. Brooklyn Investment Group bought a new position in Generac during the third quarter worth about $31,000. Finally, SouthState Corp purchased a new position in shares of Generac in the third quarter worth about $32,000. 84.04% of the stock is owned by institutional investors.

Insider Buying and Selling at Generac

In related 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 directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.90% of the company’s stock.

Generac Stock Down 0.3 %

NYSE GNRC opened at $142.22 on Friday. The business’s 50-day moving average is $159.98 and its 200 day moving average is $160.85. The stock has a market capitalization of $8.46 billion, a PE ratio of 29.51, a PEG ratio of 1.44 and a beta of 1.42. 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 Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94.

Analyst Ratings Changes

Several research firms recently commented on GNRC. Stifel Nicolaus raised their price objective on shares of Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Robert W. Baird reduced their price target on Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Roth Mkm increased their price objective on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Barclays started coverage on Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 target price for the company. Finally, StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. One research 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $173.55.

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.