Inspire Advisors LLC Makes New $569,000 Investment in Generac Holdings Inc. (NYSE:GNRC)

Inspire Advisors LLC purchased a new position in Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 3,670 shares of the technology company’s stock, valued at approximately $569,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Jennison Associates LLC raised its holdings in shares of Generac by 133.6% during the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after purchasing an additional 384,434 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Generac during the fourth quarter worth $46,785,000. The Manufacturers Life Insurance Company raised its holdings in shares of Generac by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after purchasing an additional 299,205 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Generac by 819.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 183,254 shares of the technology company’s stock worth $28,738,000 after purchasing an additional 163,323 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Generac by 498.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 126,121 shares of the technology company’s stock worth $19,555,000 after purchasing an additional 105,063 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Truist Financial reduced their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus reduced their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Robert W. Baird dropped their price target on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Barclays started coverage on shares of Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target on the stock. Finally, Wells Fargo & Company dropped their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.00.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.90% of the stock is currently owned by company insiders.

Generac Stock Down 0.0 %

Shares of NYSE GNRC opened at $131.39 on Wednesday. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 52-week low of $110.35 and a 52-week high of $195.94. The company’s 50-day simple moving average is $147.68 and its 200-day simple moving average is $159.37. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48.

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%. Equities analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

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.