Hancock Whitney Corp reduced its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 13.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,544 shares of the technology company’s stock after selling 3,198 shares during the quarter. Hancock Whitney Corp’s holdings in Generac were worth $2,067,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Squar Milner Financial Services LLC increased its stake in shares of Generac by 347.1% in the third quarter. Squar Milner Financial Services LLC now owns 380 shares of the technology company’s stock worth $29,000 after acquiring an additional 295 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Generac in the fourth quarter worth $38,000. Arcadia Investment Management Corp MI acquired a new position in shares of Generac in the fourth quarter worth $50,000. Bartlett & Co. LLC acquired a new position in shares of Generac in the third quarter worth $118,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Generac by 45.5% in the third quarter. Steward Partners Investment Advisory LLC now owns 1,600 shares of the technology company’s stock worth $125,000 after acquiring an additional 500 shares during the last quarter. 96.53% of the stock is currently owned by institutional investors.
Generac stock opened at $113.26 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.39 and a quick ratio of 1.30. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 3.41 and a beta of 1.16. Generac Holdings Inc. has a one year low of $49.41 and a one year high of $117.83. The company’s fifty day moving average price is $103.73 and its two-hundred day moving average price is $90.34.
A number of equities analysts have recently weighed in on the stock. Northcoast Research upped their price target on shares of Generac from $93.00 to $118.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Canaccord Genuity set a $95.00 price target on shares of Generac and gave the stock a “hold” rating in a research note on Friday, November 1st. Oppenheimer raised shares of Generac from a “market perform” rating to an “outperform” rating and set a $125.00 price target on the stock in a research note on Thursday, January 23rd. Zacks Investment Research raised shares of Generac from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Wednesday, December 18th. Finally, Bank of America downgraded shares of Generac from a “buy” rating to a “neutral” rating and set a $108.00 price target on the stock. in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $107.50.
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $104.03, for a total transaction of $520,150.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold 15,000 shares of company stock worth $1,510,500 over the last three months. Company insiders own 2.70% of the company’s stock.
Generac Company Profile
Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.
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