Barnett & Company Inc. Raises Position in Generac Holdings Inc. (NYSE:GNRC)

Barnett & Company Inc. lifted its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,670 shares of the technology company’s stock after buying an additional 1,145 shares during the period. Generac comprises about 2.3% of Barnett & Company Inc.’s holdings, making the stock its 11th largest position. Barnett & Company Inc.’s holdings in Generac were worth $3,515,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Boston Partners increased its stake in Generac by 39.0% in the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock valued at $295,123,000 after buying an additional 533,612 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Generac by 133.6% in the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after acquiring an additional 384,434 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Generac during the fourth quarter valued at approximately $46,785,000. The Manufacturers Life Insurance Company increased its position in shares of 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 acquiring an additional 299,205 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Generac by 819.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 183,254 shares of the technology company’s stock worth $28,738,000 after acquiring an additional 163,323 shares during the period. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the sale, the chief executive officer now directly owns 570,825 shares of the company’s stock, valued at $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.

Generac Price Performance

Shares of NYSE:GNRC opened at $131.57 on Monday. Generac Holdings Inc. has a one year low of $115.76 and a one year high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 1.44 and a beta of 1.50. The company’s fifty day moving average price is $143.39 and its 200-day moving average price is $158.13.

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 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, equities research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GNRC has been the subject of several research analyst reports. Stifel Nicolaus decreased their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. UBS Group lifted their price objective on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Citigroup dropped 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. Barclays started coverage on shares of Generac in a research note on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target for the company. Finally, Guggenheim upgraded Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $174.00.

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.