Hanson & Doremus Investment Management Boosts Holdings in Generac Holdings Inc. (NYSE:GNRC)

Hanson & Doremus Investment Management increased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 4.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,034 shares of the technology company’s stock after purchasing an additional 120 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Generac were worth $470,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its stake in shares of Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Modus Advisors LLC purchased a new position in Generac during the fourth quarter worth about $27,000. Versant Capital Management Inc increased its position in shares of 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 acquiring an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC purchased a new stake in shares of Generac in the 4th quarter valued at approximately $28,000. Finally, Brooklyn Investment Group acquired a new position in shares of Generac in the 3rd quarter worth approximately $31,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Generac

In related news, CFO York A. Ragen sold 29,081 shares of Generac stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the transaction, the chief financial officer now directly owns 135,613 shares in the company, valued at $25,051,789.49. This trade represents a 17.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the transaction, the chief executive officer now owns 557,177 shares of the company’s stock, valued at approximately $92,825,688.20. The trade was a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock valued at $7,577,703 in the last three months. 2.90% of the stock is currently owned by company insiders.

Generac Stock Down 0.8 %

GNRC stock opened at $148.01 on Thursday. The company’s 50 day moving average is $166.18 and its two-hundred day moving average is $161.49. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94. 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 stock has a market cap of $8.81 billion, a P/E ratio of 30.71, a PEG ratio of 1.60 and a beta of 1.42.

Generac (NYSE:GNRC) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm posted $1.64 earnings per share. Generac’s revenue for the quarter was up 9.6% on a year-over-year basis. Research analysts expect that Generac Holdings Inc. will post 6.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Citigroup decreased their price target on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus raised their target price on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Piper Sandler boosted their price target on shares of Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Robert W. Baird lowered their price objective on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, The Goldman Sachs Group upped their target price on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and an average price target of $174.30.

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.