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

Barnett & Company Inc. boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 5.3% during the fourth quarter, Holdings Channel reports. The firm owned 22,670 shares of the technology company’s stock after acquiring an additional 1,145 shares during the quarter. Generac makes up about 2.3% of Barnett & Company Inc.’s investment portfolio, making the stock its 11th biggest position. Barnett & Company Inc.’s holdings in Generac were worth $3,515,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of GNRC. Dillon & Associates Inc. lifted its position in shares of Generac by 20.1% in the 4th quarter. Dillon & Associates Inc. now owns 15,163 shares of the technology company’s stock worth $2,350,000 after purchasing an additional 2,542 shares during the period. Emerald Advisers LLC purchased a new stake in Generac in the fourth quarter worth about $209,000. Vanguard Group Inc. boosted its position in Generac by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company’s stock valued at $1,053,650,000 after acquiring an additional 47,450 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Generac during the 4th quarter worth approximately $358,000. Finally, LPL Financial LLC lifted its stake in shares of Generac by 14.8% in the 4th quarter. LPL Financial LLC now owns 97,492 shares of the technology company’s stock valued at $15,116,000 after purchasing an additional 12,548 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Barclays assumed coverage on Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. Piper Sandler decreased their price target on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Guggenheim raised shares of Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. UBS Group raised their target price on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Robert W. Baird dropped their price target on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Generac currently has an average rating of “Moderate Buy” and an average price target of $174.00.

Insider Buying and Selling

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

Generac Trading Down 1.3 %

Shares of GNRC stock opened at $131.57 on Monday. 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 12-month low of $115.76 and a 12-month high of $195.94. The stock has a market capitalization of $7.84 billion, a P/E ratio of 24.36, a P/E/G ratio of 1.44 and a beta of 1.50. The firm’s 50 day moving average is $143.39 and its 200 day moving average is $158.13.

Generac (NYSE:GNRC) last posted its earnings results 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%. Research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

About Generac

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.