Generac Holdings Inc. (NYSE:GNRC) Shares Bought by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC grew its position in Generac Holdings Inc. (NYSE:GNRC) by 819.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,749 shares of the technology company’s stock after buying an additional 14,928 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Generac were worth $2,597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of GNRC. Hurley Capital LLC acquired a new stake in shares of Generac during the fourth quarter worth about $26,000. Modus Advisors LLC purchased a new stake in Generac during the 4th quarter worth approximately $27,000. Versant Capital Management Inc lifted its holdings in Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after buying an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC purchased a new position in Generac in the 4th quarter valued at approximately $28,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Generac in the fourth quarter worth $31,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

GNRC has been the topic of several analyst reports. Piper Sandler reduced their price objective on Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. UBS Group increased their price target on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Guggenheim upgraded Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. The Goldman Sachs Group cut their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Bank of America started coverage on shares of Generac in a report on Monday, March 24th. They set a “buy” rating and a $182.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and an average price target of $175.60.

Generac Trading Down 5.5 %

NYSE:GNRC opened at $108.33 on Friday. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $195.94. The stock has a fifty day moving average price of $131.98 and a two-hundred day moving average price of $155.40. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 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%. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Transactions at Generac

In other 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 transaction of $725,750.00. Following the completion of the transaction, the chief executive officer now directly 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 document filed with the SEC, which is available at this hyperlink. 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.