Capital Advisors Ltd. LLC Buys 300 Shares of Generac Holdings Inc. (NYSE:GNRC)

Capital Advisors Ltd. LLC increased its stake in Generac Holdings Inc. (NYSE:GNRC) by 117.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 filing with the SEC.

Several other large investors have also bought and sold shares of GNRC. Modus Advisors LLC acquired a new position in Generac during the fourth quarter worth about $27,000. Versant Capital Management Inc raised its stake in Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after acquiring an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC acquired a new position in Generac during the fourth quarter worth about $28,000. Brooklyn Investment Group acquired a new position in Generac during the third quarter worth about $31,000. Finally, Bank of Jackson Hole Trust acquired a new position in Generac during the fourth quarter worth about $31,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Stock Performance

Shares of GNRC stock opened at $138.33 on Tuesday. The business’s 50 day simple moving average is $152.70 and its 200 day simple moving average is $160.60. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The stock has a market capitalization of $8.25 billion, a PE ratio of 25.62, a PEG ratio of 1.44 and a beta of 1.42. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total value of $787,500.00. Following the transaction, the chief executive officer now directly owns 570,825 shares of the company’s stock, valued at approximately $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Truist Financial lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Barclays began coverage on Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target on the stock. TD Cowen boosted their price target on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company reduced their price target on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.00.

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.