Generac Holdings Inc. (NYSE:GNRC) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. increased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,082 shares of the technology company’s stock after buying an additional 328 shares during the quarter. D.A. Davidson & CO.’s holdings in Generac were worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Jennison Associates LLC boosted its position in Generac by 133.6% during the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after purchasing an additional 384,434 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Generac by 114.8% during 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 purchasing an additional 299,205 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its position in Generac by 5.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company’s stock valued at $61,262,000 after purchasing an additional 20,576 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of 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 buying an additional 266,026 shares during the last quarter. Finally, Stephens Investment Management Group LLC lifted its position in shares of Generac by 25.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 241,114 shares of the technology company’s stock worth $37,385,000 after buying an additional 48,765 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Down 0.5 %

NYSE:GNRC opened at $137.87 on Friday. The stock’s fifty day moving average price is $153.28 and its two-hundred day moving average price is $160.45. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week 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 company has a market cap of $8.22 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 1.44 and a beta of 1.42.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GNRC. Wells Fargo & Company reduced their price target on Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Truist Financial reduced their price target on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Piper Sandler lowered their price target on Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Finally, Barclays assumed coverage on Generac in a research note on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Generac has an average rating of “Moderate Buy” and a consensus target price of $174.00.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, the chief executive officer now owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.90% of the company’s stock.

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.