Stiles Financial Services Inc Purchases 2,130 Shares of Generac Holdings Inc. (NYSE:GNRC)

Stiles Financial Services Inc grew its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 17.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,428 shares of the technology company’s stock after purchasing an additional 2,130 shares during the quarter. Stiles Financial Services Inc’s holdings in Generac were worth $2,237,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Czech National Bank lifted its position in Generac by 6.1% in the 3rd quarter. Czech National Bank now owns 12,253 shares of the technology company’s stock valued at $1,947,000 after acquiring an additional 702 shares in the last quarter. Wedmont Private Capital bought a new stake in Generac in the 3rd quarter valued at about $203,000. Annex Advisory Services LLC raised its position in shares of Generac by 8.5% in the third quarter. Annex Advisory Services LLC now owns 75,102 shares of the technology company’s stock valued at $11,932,000 after purchasing an additional 5,892 shares during the period. Carnegie Investment Counsel grew its holdings in Generac by 45.1% during the 3rd quarter. Carnegie Investment Counsel now owns 25,246 shares of the technology company’s stock valued at $4,011,000 after buying an additional 7,843 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in shares of Generac in the third quarter valued at approximately $114,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GNRC. Roth Mkm raised their target price 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. Stifel Nicolaus lifted their price objective on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Piper Sandler decreased their price target on shares of Generac from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday. Citigroup cut 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. Finally, JPMorgan Chase & Co. upped their price target 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $173.55.

Generac Trading Down 0.3 %

GNRC stock opened at $142.22 on Monday. 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 company has a market capitalization of $8.46 billion, a PE ratio of 29.51, a P/E/G ratio of 1.44 and a beta of 1.42. The firm’s 50-day moving average is $159.98 and its 200 day moving average is $160.93. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94.

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 Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the sale, the chief executive officer now owns 570,825 shares of the company’s stock, valued at approximately $89,904,937.50. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.90% of the company’s stock.

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.