Capital Advisors Ltd. LLC Has $86,000 Stake in Generac Holdings Inc. (NYSE:GNRC)

Capital Advisors Ltd. LLC lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 117.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 556 shares of the technology company’s stock after purchasing an additional 300 shares during the period. Capital Advisors Ltd. LLC’s holdings in Generac were worth $86,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GNRC. Jennison Associates LLC raised its position in shares of Generac by 133.6% during the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after purchasing an additional 384,434 shares during the period. The Manufacturers Life Insurance Company raised its position in Generac by 114.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after buying an additional 299,205 shares during the last quarter. International Assets Investment Management LLC raised its position in Generac by 25,311.7% in the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock valued at $42,433,000 after buying an additional 266,026 shares during the last quarter. Stephens Investment Management Group LLC raised its position in Generac by 678.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock valued at $30,560,000 after buying an additional 167,641 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Generac by 819.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 183,254 shares of the technology company’s stock valued at $28,738,000 after buying an additional 163,323 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Generac

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Citigroup lowered their price target on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Robert W. Baird lowered their price target on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. TD Cowen increased their price target on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus reduced their price objective on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Finally, Truist Financial reduced their price objective on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $174.00.

Generac Stock Up 0.2 %

Shares of NYSE GNRC opened at $138.33 on Tuesday. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The business has a 50-day simple moving average of $152.70 and a two-hundred day simple moving average of $160.60. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The company has a market cap of $8.25 billion, a P/E ratio of 25.62, a P/E/G ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, February 12th. The technology company reported $2.80 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%. Research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

About Generac

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.