By otakuyassine3@gmail.com 
Heck Capital Advisors LLC bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,756 shares of the technology company’s stock, valued at approximately $272,000.
A number of other institutional investors have also added to or reduced their stakes in GNRC. West Bancorporation Inc. bought a new position in shares of Generac in the fourth quarter worth approximately $232,000. Hanson & Doremus Investment Management grew its stake in Generac by 4.1% in the 4th quarter. Hanson & Doremus Investment Management now owns 3,034 shares of the technology company’s stock worth $470,000 after buying an additional 120 shares in the last quarter. Smith Group Asset Management LLC bought a new position in shares of Generac in the 4th quarter worth $440,000. Robeco Institutional Asset Management B.V. raised its position in shares of Generac by 498.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,121 shares of the technology company’s stock valued at $19,555,000 after buying an additional 105,063 shares in the last quarter. Finally, Lebenthal Global Advisors LLC bought a new stake in shares of Generac during the 4th quarter worth $330,000. 84.04% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Generac
In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the transaction, the executive vice president now owns 10,738 shares in the company, valued at approximately $1,971,282.04. The trade was a 22.89 % 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 stock in a transaction on Thursday, January 2nd. The stock was 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 in the company, valued at approximately $89,904,937.50. This represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,268 shares of company stock valued at $6,744,703. 2.90% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Robert W. Baird lowered their price target on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Barclays began coverage on Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price for the company. JPMorgan Chase & Co. increased their price target on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Stifel Nicolaus boosted 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. Finally, TD Cowen upped their price objective on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One 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, Generac currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.30.
Check Out Our Latest Research Report on GNRC
Generac Price Performance
Shares of NYSE GNRC opened at $149.27 on Friday. 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. The company’s 50-day moving average is $164.75 and its 200 day moving average is $161.40. The stock has a market capitalization of $8.88 billion, a P/E ratio of 30.97, a P/E/G ratio of 1.50 and a beta of 1.42.
Generac (NYSE:GNRC – Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 EPS. On average, sell-side analysts expect that Generac Holdings Inc. will post 6.91 earnings per share for the current year.
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.
Featured Stories
Receive News & Ratings for Generac Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Generac and related companies with MarketBeat.com’s FREE daily email newsletter.