C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys New Stake in Generac Holdings Inc. (NYSE:GNRC)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,278 shares of the technology company’s stock, valued at approximately $1,439,000.

Other large investors have also recently made changes to their positions in the company. Modus Advisors LLC purchased a new position in Generac in the 4th quarter valued at $27,000. Versant Capital Management Inc lifted its stake in shares of 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 buying an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC purchased a new position in shares of Generac in the fourth quarter worth about $28,000. Brooklyn Investment Group acquired a new position in Generac during the third quarter worth about $31,000. Finally, SouthState Corp purchased a new stake in Generac during the 3rd quarter valued at about $32,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Stock Up 7.5 %

NYSE:GNRC opened at $152.35 on Thursday. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The stock’s fifty day moving average is $157.62 and its two-hundred day moving average is $160.69. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 31.61, 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 (NYSE:GNRC) last posted 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 16.70% and a net margin of 7.17%. Research analysts anticipate that Generac Holdings Inc. will post 6.91 EPS for the current year.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now owns 565,825 shares of the company’s stock, 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 can be accessed through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the topic of several recent research reports. Citigroup lowered their target price on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Piper Sandler lowered their price objective on Generac from $200.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Truist Financial dropped their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group lifted their price target on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. 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. Based on data from MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and an average target price of $173.55.

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.