Personal CFO Solutions LLC Acquires 102 Shares of Generac Holdings Inc. (NYSE:GNRC)

Personal CFO Solutions LLC boosted its holdings in Generac Holdings Inc. (NYSE:GNRC) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,097 shares of the technology company’s stock after acquiring an additional 102 shares during the quarter. Personal CFO Solutions LLC’s holdings in Generac were worth $325,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James Trust N.A. increased its stake in Generac by 52.8% in the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock valued at $541,000 after acquiring an additional 1,177 shares during the period. Nordea Investment Management AB bought a new stake in Generac in the fourth quarter valued at about $5,229,000. Global Financial Private Client LLC bought a new stake in Generac in the fourth quarter valued at about $614,000. Principal Financial Group Inc. increased its stake in Generac by 5.0% in the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock valued at $11,324,000 after acquiring an additional 3,426 shares during the period. Finally, Franklin Resources Inc. increased its stake in Generac by 106.1% in the third quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock valued at $4,998,000 after acquiring an additional 14,811 shares during the period. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

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 completion of the sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is currently owned by insiders.

Generac Trading Down 3.6 %

GNRC opened at $131.67 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The firm has a 50 day simple moving average of $148.15 and a 200 day simple moving average of $159.55. Generac Holdings Inc. has a fifty-two week low of $110.35 and a fifty-two 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 for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of analyst reports. Robert W. Baird lowered their target price on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Barclays initiated coverage on shares of Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. Citigroup reduced their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Piper Sandler reduced their price target on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group reduced their price target on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $174.00.

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.