Values First Advisors Inc. Takes $323,000 Position in Generac Holdings Inc. (NYSE:GNRC)

Values First Advisors Inc. acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 2,081 shares of the technology company’s stock, valued at approximately $323,000.

Several other institutional investors have also recently bought and sold shares of GNRC. Modus Advisors LLC bought a new stake in shares of Generac during the 4th quarter valued at approximately $27,000. Cranbrook Wealth Management LLC acquired a new position in shares of Generac during the fourth quarter worth $28,000. Versant Capital Management Inc lifted its stake in shares of 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 acquiring an additional 145 shares during the last quarter. Brooklyn Investment Group acquired a new position in Generac in the 3rd quarter worth about $31,000. Finally, SouthState Corp bought a new position in Generac in the third quarter valued at about $32,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on GNRC shares. Stifel Nicolaus boosted their price target on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Roth Mkm raised their price target on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Citigroup decreased their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.55.

Generac Trading Up 7.5 %

NYSE GNRC opened at $152.35 on Thursday. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The business has a 50 day simple moving average of $157.62 and a 200 day simple moving average of $160.69. The stock has a market capitalization of $9.06 billion, a P/E ratio of 31.61, 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 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.17% and a return on equity of 16.70%. Research analysts expect that Generac Holdings Inc. will post 6.91 earnings per share for the current year.

Insider Activity at Generac

In related 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 completion of the sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.90% of the stock is currently owned by insiders.

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.