1,495 Shares in Generac Holdings Inc. (NYSE:GNRC) Purchased by West Bancorporation Inc.

West Bancorporation Inc. bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,495 shares of the technology company’s stock, valued at approximately $232,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GNRC. Modus Advisors LLC purchased a new stake in shares of Generac during the 4th quarter worth approximately $27,000. Cranbrook Wealth Management LLC purchased a new position in Generac in the 4th quarter valued at approximately $28,000. Versant Capital Management Inc raised its holdings in Generac by 391.9% during the 4th 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 period. Brooklyn Investment Group bought a new position in shares of Generac in the third quarter worth $31,000. Finally, SouthState Corp bought a new stake in shares of Generac during the 3rd quarter valued at $32,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GNRC. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Piper Sandler increased their price target on shares of Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. TD Cowen boosted their price target on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays started coverage on Generac in a research note on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective on the stock. Finally, Roth Mkm increased their target price on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $174.30.

Generac Stock Down 2.0 %

NYSE:GNRC opened at $149.27 on Friday. Generac Holdings Inc. has a 1-year low of $108.89 and a 1-year high of $195.94. The company has a market capitalization of $8.88 billion, a PE ratio of 30.97, a P/E/G ratio of 1.50 and a beta of 1.42. The firm’s 50-day moving average price is $164.75 and its 200-day moving average price is $161.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96.

Generac (NYSE:GNRC) last released its earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.98 by $0.27. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 earnings per share. On average, equities analysts predict that Generac Holdings Inc. will post 6.91 EPS for the current fiscal year.

Insider Activity at Generac

In related news, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the sale, the executive vice president now directly owns 10,738 shares in the company, valued at approximately $1,971,282.04. This trade represents a 22.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated 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 owns 570,825 shares in the company, valued at $89,904,937.50. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,268 shares of company stock valued at $6,744,703. 2.90% of the stock is owned by insiders.

Generac Company 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.