Newbridge Financial Services Group Inc. Makes New Investment in Generac Holdings Inc. (NYSE:GNRC)

Newbridge Financial Services Group Inc. acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 302 shares of the technology company’s stock, valued at approximately $47,000.

A number of other large investors also recently bought and sold shares of GNRC. Modus Advisors LLC purchased a new position in Generac during the 4th quarter worth $27,000. Versant Capital Management Inc increased its holdings in shares of 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 purchasing an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC purchased a new position in shares of Generac in the 4th quarter valued at about $28,000. Brooklyn Investment Group purchased a new position in shares of Generac in the 3rd quarter valued at about $31,000. Finally, SouthState Corp purchased a new position in shares of Generac in the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

GNRC has been the subject of a number of research analyst reports. Roth Mkm increased their price target on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. TD Cowen increased their price target on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. Piper Sandler dropped their target price on shares of Generac from $200.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, February 7th. The Goldman Sachs Group raised their target price on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Truist Financial dropped their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $173.55.

Generac Trading Down 2.3 %

Shares of GNRC stock opened at $141.74 on Wednesday. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The firm’s 50 day moving average price is $159.13 and its two-hundred day moving average price is $160.88.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction 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 sale, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.90% of the company’s stock.

Generac Company 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.