Atwood & Palmer Inc. Increases Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Atwood & Palmer Inc. boosted its holdings in Generac Holdings Inc. (NYSE:GNRC) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,557 shares of the technology company’s stock after acquiring an additional 884 shares during the quarter. Generac accounts for approximately 1.6% of Atwood & Palmer Inc.’s holdings, making the stock its 28th largest position. Atwood & Palmer Inc.’s holdings in Generac were worth $23,034,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Empirical Finance LLC grew its stake in shares of Generac by 4.1% in the third quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock worth $268,000 after acquiring an additional 66 shares during the period. Nicollet Investment Management Inc. boosted its holdings in Generac by 1.1% in the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock worth $1,250,000 after purchasing an additional 82 shares during the last quarter. Mather Group LLC. grew its position in Generac by 6.5% in the 3rd quarter. Mather Group LLC. now owns 1,528 shares of the technology company’s stock worth $243,000 after purchasing an additional 93 shares during the period. Blue Trust Inc. raised its stake in Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after buying an additional 97 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares during the period. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Barclays initiated coverage on shares of Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target for the company. Citigroup dropped their price objective 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. TD Cowen upped their target price on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Roth Mkm lifted their price target on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.30.

Insider Activity

In other Generac news, CFO York A. Ragen sold 29,081 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the sale, the chief financial officer now directly owns 135,613 shares of the company’s stock, valued at $25,051,789.49. The trade was a 17.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $166.60, for a total value of $833,000.00. Following the transaction, the chief executive officer now directly owns 557,177 shares in the company, valued at approximately $92,825,688.20. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock worth $7,577,703 over the last 90 days. Corporate insiders own 2.90% of the company’s stock.

Generac Trading Up 0.5 %

GNRC stock opened at $161.12 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. Generac Holdings Inc. has a 1-year low of $108.89 and a 1-year high of $195.94. The business has a 50 day simple moving average of $170.24 and a two-hundred day simple moving average of $161.08. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.63 and a beta of 1.42.

Generac (NYSE:GNRC) last issued its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. Generac’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.64 earnings per share. Research analysts anticipate that Generac Holdings Inc. will post 6.91 EPS for the current fiscal year.

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.