Generac Holdings Inc. (NYSE:GNRC) Holdings Lifted by Savant Capital LLC

Savant Capital LLC grew its position in Generac Holdings Inc. (NYSE:GNRC) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,061 shares of the technology company’s stock after purchasing an additional 273 shares during the period. Savant Capital LLC’s holdings in Generac were worth $1,715,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. MFA Wealth Advisors LLC grew its position in Generac by 16.6% in the 4th quarter. MFA Wealth Advisors LLC now owns 26,911 shares of the technology company’s stock worth $4,173,000 after purchasing an additional 3,829 shares during the last quarter. Stiles Financial Services Inc lifted its stake in shares of Generac by 17.3% in the 4th quarter. Stiles Financial Services Inc now owns 14,428 shares of the technology company’s stock worth $2,237,000 after acquiring an additional 2,130 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Generac in the 4th quarter worth approximately $47,000. Kestra Private Wealth Services LLC lifted its stake in shares of Generac by 15.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 6,566 shares of the technology company’s stock worth $1,018,000 after acquiring an additional 873 shares during the period. Finally, Stephens Inc. AR lifted its stake in shares of Generac by 34.9% in the 4th quarter. Stephens Inc. AR now owns 11,210 shares of the technology company’s stock worth $1,738,000 after acquiring an additional 2,901 shares during the period. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on GNRC shares. Roth Mkm upped 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. Truist Financial reduced their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Piper Sandler reduced their price target on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday. 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. Finally, Citigroup cut their target price on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $174.00.

Generac Stock Down 3.8 %

GNRC stock opened at $146.68 on Friday. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94. The company’s 50 day simple moving average is $157.62 and its 200-day simple moving average is $160.69. 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 firm has a market capitalization of $8.73 billion, a P/E ratio of 30.43, a P/E/G ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC) last released its quarterly earnings data 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%. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 6.91 EPS for the current year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.90% of the company’s stock.

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.