Colonial Trust Co SC Boosts Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Colonial Trust Co SC boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,332 shares of the technology company’s stock after purchasing an additional 115 shares during the quarter. Colonial Trust Co SC’s holdings in Generac were worth $207,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of GNRC. Hurley Capital LLC bought a new position in shares of Generac in the 4th quarter valued at about $26,000. Cranbrook Wealth Management LLC purchased a new stake in Generac during the fourth quarter valued at approximately $28,000. Bank of Jackson Hole Trust bought a new stake in shares of Generac in the 4th quarter valued at approximately $31,000. Quadrant Capital Group LLC boosted its holdings in shares of Generac by 61.7% in the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company’s stock worth $35,000 after purchasing an additional 87 shares during the period. Finally, Spire Wealth Management increased its position in shares of Generac by 203.6% during the 4th quarter. Spire Wealth Management now owns 252 shares of the technology company’s stock valued at $39,000 after purchasing an additional 169 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on GNRC shares. TD Securities dropped their price objective on shares of Generac from $173.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. UBS Group lifted their price target on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Piper Sandler reduced their price objective on shares of Generac from $175.00 to $155.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Bank of America assumed coverage on Generac in a research report on Monday, March 24th. They set a “buy” rating and a $182.00 target price for the company. Finally, Truist Financial reduced their price target on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $167.20.

Generac Stock Performance

Shares of Generac stock opened at $120.60 on Friday. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $195.94. The company has a market capitalization of $7.19 billion, a PE ratio of 22.33, a P/E/G ratio of 1.44 and a beta of 1.73. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The company has a 50-day simple moving average of $120.57 and a two-hundred day simple moving average of $148.33.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.27. Generac had a net margin of 7.36% and a return on equity of 18.17%. The company had revenue of $942.12 million during the quarter, compared to analysts’ expectations of $921.78 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. Generac’s revenue for the quarter was up 5.9% compared to the same quarter last year. Research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Generac 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.