Secure Asset Management LLC Buys 582 Shares of Generac Holdings Inc. (NYSE:GNRC)

Secure Asset Management LLC grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,671 shares of the technology company’s stock after buying an additional 582 shares during the period. Secure Asset Management LLC’s holdings in Generac were worth $1,655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of GNRC. Modus Advisors LLC bought a new position in Generac during the 4th quarter worth approximately $27,000. Cranbrook Wealth Management LLC acquired a new stake in Generac in the fourth quarter worth $28,000. Versant Capital Management Inc boosted its position in shares of Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after purchasing an additional 145 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Generac in the 3rd quarter valued at $31,000. Finally, SouthState Corp bought a new stake in shares of Generac in the 3rd quarter valued at $32,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Trading Down 1.4 %

NYSE GNRC opened at $156.45 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 current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $169.06 and a 200-day moving average of $161.23. The company has a market cap of $9.31 billion, a PE ratio of 32.46, a PEG ratio of 1.66 and a beta of 1.42.

Generac (NYSE:GNRC) last announced its quarterly 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 firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.64 earnings per share. On average, equities research analysts anticipate that Generac Holdings Inc. will post 6.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GNRC. Stifel Nicolaus lifted their target price on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Barclays began coverage on Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective on the stock. The Goldman Sachs Group increased their target price on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Piper Sandler lifted their price target on shares of Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Truist Financial lowered their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.30.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the sale, the chief executive officer now owns 570,825 shares of the company’s stock, valued at $89,904,937.50. This trade represents a 0.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO York A. Ragen sold 29,081 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the completion of the transaction, the chief financial officer now owns 135,613 shares in the company, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,268 shares of company stock worth $7,577,703. Company 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.