K.J. Harrison & Partners Inc Takes Position in Generac Holdings Inc. (NYSE:GNRC)

K.J. Harrison & Partners Inc acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,000 shares of the technology company’s stock, valued at approximately $471,000.

Several other large investors have also added to or reduced their stakes in GNRC. Blue Trust Inc. boosted its holdings in Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after purchasing an additional 97 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Generac by 66.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,424 shares of the technology company’s stock worth $685,000 after buying an additional 1,762 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Generac by 17.8% in the third quarter. Nisa Investment Advisors LLC now owns 2,008 shares of the technology company’s stock worth $319,000 after buying an additional 303 shares in the last quarter. Avitas Wealth Management LLC boosted its stake in Generac by 19.5% during the third quarter. Avitas Wealth Management LLC now owns 2,546 shares of the technology company’s stock valued at $405,000 after buying an additional 416 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV purchased a new position in Generac during the third quarter worth about $3,742,000. Institutional investors own 84.04% of the company’s stock.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the transaction, the chief executive officer now owns 570,825 shares of the company’s stock, valued at approximately $89,904,937.50. This represents a 0.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on GNRC shares. The Goldman Sachs Group lowered their price target on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus lowered their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. 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. Robert W. Baird decreased their price target on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, Piper Sandler dropped their price objective on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Stock Down 1.9 %

Shares of NYSE GNRC opened at $136.45 on Friday. The firm’s fifty day moving average is $151.80 and its 200 day moving average is $160.41. Generac Holdings Inc. has a 52 week low of $109.90 and a 52 week high of $195.94. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. On average, equities research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

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.