Fiduciary Alliance LLC Boosts Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Fiduciary Alliance LLC increased its position in Generac Holdings Inc. (NYSE:GNRCFree Report) by 101.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,260 shares of the technology company’s stock after acquiring an additional 4,658 shares during the quarter. Fiduciary Alliance LLC’s holdings in Generac were worth $1,436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Trust N.A. grew its position in shares of Generac by 52.8% during the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock worth $541,000 after purchasing an additional 1,177 shares in the last quarter. Willis Investment Counsel grew its holdings in Generac by 18.7% during the 3rd quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock valued at $16,684,000 after buying an additional 16,541 shares in the last quarter. Nordea Investment Management AB bought a new stake in shares of Generac during the fourth quarter valued at approximately $5,229,000. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Generac by 85.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock worth $928,000 after buying an additional 3,244 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Generac by 5.0% during the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock worth $11,324,000 after acquiring an additional 3,426 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the transaction, the chief executive officer now directly owns 570,825 shares of the company’s stock, valued at $89,904,937.50. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the sale, the executive vice president now owns 10,738 shares of the company’s stock, valued at approximately $1,971,282.04. This represents a 22.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock worth $7,577,703 in the last ninety days. 2.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on GNRC. Stifel Nicolaus boosted their price target on shares of Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group boosted their target price on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Piper Sandler raised their price target on Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. upped their price objective on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and an average price target of $174.80.

Read Our Latest Report on GNRC

Generac Stock Up 1.6 %

NYSE:GNRC opened at $159.98 on Tuesday. The stock has a fifty day simple moving average of $172.90 and a 200-day simple moving average of $160.20. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The company has a market cap of $9.52 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.04 and a beta of 1.42. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94.

Generac (NYSE:GNRCGet Free Report) last issued its earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm earned $1.64 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts anticipate that Generac Holdings Inc. will post 6.84 EPS for the current year.

Generac Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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