Union Bancaire Privee UBP SA Invests $352,000 in Generac Holdings Inc. (NYSE:GNRC)

Union Bancaire Privee UBP SA purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,390 shares of the technology company’s stock, valued at approximately $352,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Modus Advisors LLC purchased a new position in shares of Generac in the 4th quarter valued at $27,000. Versant Capital Management Inc increased its holdings 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 purchasing an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC purchased a new position in Generac in the fourth quarter valued at about $28,000. Brooklyn Investment Group acquired a new position in shares of Generac during the third quarter worth about $31,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Generac in the fourth quarter worth about $31,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays assumed coverage on Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 target price on the stock. Robert W. Baird dropped their price objective on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Piper Sandler reduced their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Citigroup lowered their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Truist Financial cut their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the transaction, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is currently owned by insiders.

Generac Stock Performance

Generac stock opened at $138.33 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The company has a fifty day moving average price of $152.70 and a two-hundred day moving average price of $160.60. The company has a market cap of $8.25 billion, a PE ratio of 25.62, a P/E/G ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

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.