Covestor Ltd Purchases 130 Shares of Generac Holdings Inc. (NYSE:GNRC)

Covestor Ltd lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 33.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 513 shares of the technology company’s stock after purchasing an additional 130 shares during the period. Covestor Ltd’s holdings in Generac were worth $80,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of GNRC. Hurley Capital LLC purchased a new stake in shares of Generac during the fourth quarter worth about $26,000. Modus Advisors LLC bought a new position in Generac in the 4th quarter worth approximately $27,000. Versant Capital Management Inc grew its holdings in Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after buying an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC bought a new stake in shares of Generac during the fourth quarter valued at approximately $28,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Generac in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Transactions at Generac

In related 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 value of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at $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 available through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Generac Price Performance

Generac stock opened at $110.15 on Monday. 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 stock has a market cap of $6.57 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The firm has a 50-day moving average of $131.34 and a two-hundred day moving average of $155.16. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $195.94.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on GNRC shares. Wells Fargo & Company reduced their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Truist Financial reduced their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus dropped their price target on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. UBS Group lifted their price objective on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Robert W. Baird lowered their target price on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and an average price target of $175.60.

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.