Global Financial Private Client LLC Invests $614,000 in Generac Holdings Inc. (NYSE:GNRC)

Global Financial Private Client LLC acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,959 shares of the technology company’s stock, valued at approximately $614,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Trust N.A. grew its position in shares of Generac by 52.8% in the 3rd quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock valued at $541,000 after buying an additional 1,177 shares during the last quarter. Willis Investment Counsel boosted its holdings in Generac by 18.7% in the third quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock valued at $16,684,000 after acquiring an additional 16,541 shares during the last quarter. Nordea Investment Management AB bought a new stake in Generac in the fourth quarter valued at approximately $5,229,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in Generac by 85.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock valued at $928,000 after purchasing an additional 3,244 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Generac by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock worth $11,324,000 after purchasing an additional 3,426 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Ratings Changes

GNRC has been the subject of a number of research analyst reports. Piper Sandler lifted their target price on Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. TD Cowen increased their target price on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Robert W. Baird decreased their price target on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Truist Financial upped their price objective on shares of Generac from $170.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.80.

Insiders Place Their Bets

In other news, CFO York A. Ragen sold 29,081 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the transaction, the chief financial officer now directly owns 135,613 shares of the company’s stock, valued at approximately $25,051,789.49. This trade represents a 17.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the sale, the chief executive officer now directly owns 570,825 shares of the company’s stock, valued at approximately $89,904,937.50. This trade represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock valued at $7,577,703 in the last quarter. Corporate insiders own 2.90% of the company’s stock.

Generac Price Performance

Shares of NYSE GNRC opened at $159.98 on Tuesday. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The stock has a fifty day moving average of $172.90 and a 200-day moving average of $160.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. The stock has a market cap of $9.52 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 2.04 and a beta of 1.42.

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

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.