Dakota Wealth Management Purchases 18,197 Shares of Generac Holdings Inc. (NYSE:GNRC)

Dakota Wealth Management raised its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 59.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,998 shares of the technology company’s stock after acquiring an additional 18,197 shares during the period. Dakota Wealth Management owned approximately 0.08% of Generac worth $7,597,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GNRC. The Manufacturers Life Insurance Company lifted its stake in shares of Generac by 114.8% in the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after buying an additional 299,205 shares during the period. Jennison Associates LLC acquired a new position in Generac in the third quarter worth about $45,722,000. International Assets Investment Management LLC raised its position in Generac by 25,311.7% in the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock worth $42,433,000 after purchasing an additional 266,026 shares in the last quarter. Stephens Investment Management Group LLC raised its position in Generac by 678.5% in the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock worth $30,560,000 after purchasing an additional 167,641 shares in the last quarter. Finally, Hodges Capital Management Inc. increased its holdings in shares of Generac by 86.9% during the third quarter. Hodges Capital Management Inc. now owns 166,278 shares of the technology company’s stock worth $26,418,000 after buying an additional 77,296 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Generac Trading Up 1.7 %

Shares of NYSE GNRC opened at $163.96 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94. The firm has a 50 day moving average price of $170.24 and a two-hundred day moving average price of $161.08. The stock has a market cap of $9.76 billion, a P/E ratio of 34.02, a price-to-earnings-growth ratio of 1.63 and a beta of 1.42.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm posted $1.64 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities analysts forecast that Generac Holdings Inc. will post 6.91 EPS for the current year.

Insider Buying and Selling

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the transaction, the executive vice president now directly owns 10,738 shares in the company, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac 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 of the company’s stock, valued at $89,904,937.50. This represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,268 shares of company stock valued at $7,577,703 over the last ninety days. 2.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Roth Mkm increased their price target on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Piper Sandler raised their price objective on shares of Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Stifel Nicolaus raised their price objective on shares of Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Truist Financial reduced their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, Barclays started coverage on shares of Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $174.30.

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.