Blair William & Co. IL Buys 16,432 Shares of Generac Holdings Inc. (NYSE:GNRC)

Blair William & Co. IL boosted its position in Generac Holdings Inc. (NYSE:GNRC) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 513,449 shares of the technology company’s stock after buying an additional 16,432 shares during the quarter. Blair William & Co. IL owned approximately 0.86% of Generac worth $79,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Modus Advisors LLC bought a new stake in Generac in the fourth quarter valued at $27,000. Cranbrook Wealth Management LLC purchased a new position in shares of Generac during the fourth quarter valued at about $28,000. Versant Capital Management Inc raised its stake in Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after buying an additional 145 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Generac in the third quarter worth about $31,000. Finally, Bank of Jackson Hole Trust bought a new stake in Generac during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

In other 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 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. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Robert W. Baird dropped their price target on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Citigroup lowered their price target on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group cut their price objective 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. Bank of America assumed coverage on shares of Generac in a research note on Monday. They issued a “buy” rating and a $182.00 target price on the stock. Finally, Guggenheim upgraded shares of Generac from a “sell” rating to a “neutral” rating in a report on Monday, March 17th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Generac presently has an average rating of “Moderate Buy” and a consensus price target of $174.38.

Generac Stock Performance

Generac stock opened at $134.02 on Thursday. Generac Holdings Inc. has a 1-year low of $119.11 and a 1-year high of $195.94. The company’s 50-day moving average is $141.93 and its 200 day moving average is $157.88. The firm has a market capitalization of $7.99 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. 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 posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. Research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

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.