Generac Holdings Inc. (NYSE:GNRC) Shares Purchased by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc lifted its stake in Generac Holdings Inc. (NYSE:GNRC) by 3.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 51,069 shares of the technology company’s stock after acquiring an additional 1,623 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Generac were worth $7,920,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. ING Groep NV lifted its holdings in shares of Generac by 90.4% in the 4th quarter. ING Groep NV now owns 5,299 shares of the technology company’s stock worth $822,000 after acquiring an additional 2,516 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in Generac during the 4th quarter worth approximately $31,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Generac during the 4th quarter worth approximately $1,439,000. Venturi Wealth Management LLC lifted its holdings in Generac by 42.0% during the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock worth $44,000 after buying an additional 84 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in Generac by 3.7% during the 4th quarter. D.A. Davidson & CO. now owns 9,082 shares of the technology company’s stock worth $1,408,000 after buying an additional 328 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were 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 approximately $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.90% of the stock is currently owned by insiders.

Generac Trading Down 0.5 %

NYSE GNRC opened at $137.87 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The firm’s fifty day moving average price is $153.28 and its 200 day moving average price is $160.45. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on GNRC. Truist Financial reduced their target price 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. The Goldman Sachs Group reduced their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. UBS Group increased their target price on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Citigroup reduced their target price on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Stifel Nicolaus reduced 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, February 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.