C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys Shares of 9,278 Generac Holdings Inc. (NYSE:GNRC)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,278 shares of the technology company’s stock, valued at approximately $1,439,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Empirical Finance LLC boosted its position in Generac by 4.1% in the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock valued at $268,000 after buying an additional 66 shares during the period. Nicollet Investment Management Inc. boosted its holdings in shares of Generac by 1.1% in the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock valued at $1,250,000 after purchasing an additional 82 shares during the period. Cornerstone Wealth Management LLC grew its stake in Generac by 6.3% in the fourth quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company’s stock worth $235,000 after purchasing an additional 90 shares in the last quarter. Blue Trust Inc. increased its holdings in Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after purchasing an additional 97 shares during the period. Finally, Retirement Systems of Alabama increased its holdings in Generac by 0.8% during the 3rd quarter. Retirement Systems of Alabama now owns 13,476 shares of the technology company’s stock worth $2,141,000 after purchasing an additional 105 shares during the period. 84.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on GNRC. Barclays initiated coverage on Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target on the stock. The Goldman Sachs Group increased their target price on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler cut their target price on shares of Generac from $200.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. TD Cowen upped their price target on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and an average price target of $173.55.

Generac Stock Performance

GNRC opened at $152.35 on Thursday. The firm’s 50-day moving average price is $157.62 and its 200-day moving average price is $160.69. The company has a market cap of $9.06 billion, a P/E ratio of 31.61, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.17% and a return on equity of 16.70%. As a group, equities analysts anticipate that Generac Holdings Inc. will post 6.91 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is currently owned by company insiders.

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.