Proficio Capital Partners LLC Makes New $4.57 Million Investment in Generac Holdings Inc. (NYSE:GNRC)

Proficio Capital Partners LLC purchased a new position in Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, HoldingsChannel reports. The fund purchased 29,460 shares of the technology company’s stock, valued at approximately $4,568,000.

Other institutional investors have also modified their holdings of the company. Modus Advisors LLC acquired a new position in shares of Generac in the fourth quarter worth $27,000. Cranbrook Wealth Management LLC acquired a new position in shares of Generac during the fourth quarter worth $28,000. Versant Capital Management Inc grew its stake 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 worth $28,000 after purchasing an additional 145 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Generac during the third quarter worth $31,000. Finally, SouthState Corp acquired a new position in shares of Generac during the third quarter worth $32,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’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 directly owns 570,825 shares in the company, valued at $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.90% of the company’s stock.

Generac Price Performance

Shares of NYSE:GNRC opened at $127.39 on Wednesday. The company has a 50-day simple moving average of $150.53 and a 200-day simple moving average of $160.29. Generac Holdings Inc. has a one year low of $109.90 and a one year high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping 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, analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GNRC shares. Citigroup lowered their target price on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group lowered their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Robert W. Baird lowered their target price on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company reduced their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Finally, UBS Group boosted their price target on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.00.

About Generac

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.