HM Payson & Co. Decreases Stock Position in Generac Holdings Inc. (NYSE:GNRC)

HM Payson & Co. decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 14.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,029 shares of the technology company’s stock after selling 337 shares during the period. HM Payson & Co.’s holdings in Generac were worth $315,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of GNRC. Modus Advisors LLC purchased a new stake in Generac during the 4th quarter worth approximately $27,000. Versant Capital Management Inc grew 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 buying an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC purchased a new stake in shares of Generac during the fourth quarter valued at $28,000. Brooklyn Investment Group acquired a new position in shares of Generac in the 3rd quarter valued at $31,000. Finally, Bank of Jackson Hole Trust purchased a new position in Generac in the 4th quarter worth $31,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analysts Set New Price Targets

GNRC has been the topic of a number of research reports. The Goldman Sachs Group cut their price objective on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Truist Financial reduced their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report 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 on the stock in a report on Thursday, February 13th. Piper Sandler decreased their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Finally, Wells Fargo & Company reduced their price objective on Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. One investment 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.com, Generac has an average rating of “Moderate Buy” and an average target price of $174.00.

Generac Price Performance

Generac stock opened at $136.85 on Monday. The company has a fifty day simple moving average of $148.62 and a 200-day simple moving average of $159.69. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.44 and a beta of 1.50. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 52-week low of $110.35 and a 52-week high of $195.94.

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

Insider Activity

In other Generac news, 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.