Generac Holdings Inc. $GNRC Shares Acquired by UMB Bank n.a.

UMB Bank n.a. grew its position in Generac Holdings Inc. (NYSE:GNRC) by 500.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,713 shares of the technology company’s stock after acquiring an additional 8,930 shares during the quarter. UMB Bank n.a.’s holdings in Generac were worth $1,793,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. First Horizon Corp acquired a new stake in Generac during the 3rd quarter worth $28,000. MUFG Securities EMEA plc acquired a new stake in Generac in the 2nd quarter valued at about $25,000. Quent Capital LLC acquired a new position in shares of Generac during the 3rd quarter worth approximately $41,000. Red Tortoise LLC acquired a new stake in shares of Generac in the third quarter valued at approximately $42,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in Generac during the third quarter worth $42,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Stock Performance

NYSE:GNRC opened at $171.01 on Tuesday. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.18 and a quick ratio of 1.02. The firm has a market capitalization of $10.04 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 1.35 and a beta of 1.85. The business’s fifty day moving average price is $154.67 and its 200 day moving average price is $168.30.

Analyst Ratings Changes

Several brokerages have recently weighed in on GNRC. UBS Group lowered their price target on shares of Generac from $220.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Bank of America cut their price target on shares of Generac from $236.00 to $224.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. Wells Fargo & Company set a $195.00 price objective on Generac in a report on Friday, December 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Generac in a report on Thursday, January 22nd. Finally, Zacks Research cut shares of Generac from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and an average price target of $195.29.

About Generac

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.