Everence Capital Management Inc. Increases Holdings in Generac Holdings Inc. (NYSE:GNRC)

Everence Capital Management Inc. raised its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 67.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,380 shares of the technology company’s stock after buying an additional 2,170 shares during the quarter. Everence Capital Management Inc.’s holdings in Generac were worth $695,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Generac during the 3rd quarter valued at $28,000. BKM Wealth Management LLC bought a new position in Generac in the 4th quarter worth $28,000. Castleview Partners LLC bought a new position in Generac in the 1st quarter worth $30,000. Caisse DE Depot ET Placement DU Quebec bought a new position in Generac in the 1st quarter worth $35,000. Finally, ORG Partners LLC bought a new position in shares of Generac during the 4th quarter valued at about $38,000. Institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Canaccord Genuity Group increased their price objective on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. Citigroup upped their target price on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Robert W. Baird upped their target price on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. UBS Group decreased their target price on shares of Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Finally, TD Cowen decreased their target price on shares of Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Generac presently has an average rating of “Moderate Buy” and a consensus price target of $140.80.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $115.22, for a total value of $576,100.00. Following the completion of the sale, the chief executive officer now directly owns 577,690 shares in the company, valued at $66,561,441.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by insiders.

Generac Price Performance

NYSE GNRC opened at $130.25 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. The firm’s 50 day moving average price is $120.92 and its 200-day moving average price is $115.54. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $156.95. The company has a market cap of $7.85 billion, a PE ratio of 39.59, a P/E/G ratio of 1.71 and a beta of 1.45.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). Generac had a net margin of 5.33% and a return on equity of 14.15%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the business posted $1.78 earnings per share. Generac’s revenue for the quarter was up 1.4% on a year-over-year basis. Sell-side analysts forecast that Generac Holdings Inc. will post 6.3 EPS for the current fiscal year.

Generac 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.