Generac Holdings Inc. (NYSE:GNRC) Shares Bought by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,069 shares of the technology company’s stock after purchasing an additional 1,623 shares during the period. Pinnacle Financial Partners Inc owned about 0.09% of Generac worth $7,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Modus Advisors LLC acquired a new position in Generac during the fourth quarter valued at $27,000. Versant Capital Management Inc lifted its position in Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares during the period. Cranbrook Wealth Management LLC acquired a new position in Generac during the fourth quarter valued at $28,000. Brooklyn Investment Group acquired a new position in Generac during the third quarter valued at $31,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Generac in the fourth quarter worth about $31,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 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 $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Generac Stock Down 0.5 %

Shares of NYSE GNRC opened at $137.87 on Friday. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The stock has a market cap of $8.22 billion, a PE ratio of 25.53, a P/E/G ratio of 1.44 and a beta of 1.42. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $153.28 and a 200 day moving average of $160.45.

Generac (NYSE:GNRC) last announced its quarterly earnings data 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 net margin of 7.36% and a return on equity of 18.17%. As a group, sell-side analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Piper Sandler decreased their price objective on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. The Goldman Sachs Group decreased their price objective on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Barclays assumed coverage on shares of Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price objective for the company. Finally, Robert W. Baird decreased their price objective on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.