Wealthfront Advisers LLC bought a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 79,242 shares of the technology company's stock, valued at approximately $12,286,000. Wealthfront Advisers LLC owned 0.13% of Generac as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Modus Advisors LLC acquired a new stake in Generac in the 4th quarter worth about $27,000. Versant Capital Management Inc raised its holdings 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 valued at $28,000 after acquiring an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC purchased a new position in shares of Generac in the fourth quarter valued at approximately $28,000. Brooklyn Investment Group purchased a new stake in shares of Generac during the third quarter worth approximately $31,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Generac during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 84.04% of the company's stock.
Several brokerages have issued reports on GNRC. Truist Financial 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, January 16th. Stifel Nicolaus dropped their price objective on shares of Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Citigroup decreased their target price on shares of Generac from $172.00 to $162.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company dropped 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. Finally, Barclays began coverage on Generac in a research report on Wednesday, December 4th. They set 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 issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and a consensus price target of $174.00.
Read Our Latest Stock Report on Generac
Generac stock traded up $0.05 during trading on Wednesday, hitting $131.39. The company had a trading volume of 682,605 shares, compared to its average volume of 883,940. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 1-year low of $110.35 and a 1-year high of $195.94. The company's 50 day simple moving average is $147.68 and its 200-day simple moving average is $159.37.
Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. As a group, analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the transaction, the chief executive officer now owns 565,825 shares of the company's stock, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.90% of the company's stock.
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.
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