2,522 Shares in Generac Holdings Inc. (NYSE:GNRC) Bought by PFG Advisors

PFG Advisors purchased a new position in Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,522 shares of the technology company’s stock, valued at approximately $391,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GNRC. Modus Advisors LLC bought a new position in Generac in the fourth quarter worth $27,000. Versant Capital Management Inc raised its holdings in Generac by 391.9% in 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. Cranbrook Wealth Management LLC bought a new position in Generac in the fourth quarter worth $28,000. Brooklyn Investment Group bought a new position in Generac in the third quarter worth $31,000. Finally, Bank of Jackson Hole Trust bought a new position in Generac in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.

Generac Trading Up 2.1 %

Shares of NYSE:GNRC opened at $130.41 on Friday. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 1.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The stock’s 50-day simple moving average is $146.05 and its two-hundred day simple moving average is $158.79. Generac Holdings Inc. has a 52-week low of $110.86 and a 52-week high of $195.94.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on GNRC. Truist Financial decreased their price objective on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. UBS Group raised their price target on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Piper Sandler reduced their price target on Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Wells Fargo & Company reduced their price target on Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Finally, The Goldman Sachs Group reduced their price target on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, February 13th. One investment 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.00.

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.