Faithward Advisors LLC Has $4.32 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

Faithward Advisors LLC boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,844 shares of the technology company’s stock after purchasing an additional 199 shares during the period. Faithward Advisors LLC’s holdings in Generac were worth $4,317,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP grew its stake in shares of Generac by 3.0% during the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock valued at $435,000 after purchasing an additional 80 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in Generac by 42.0% during the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock worth $44,000 after buying an additional 84 shares in the last quarter. Wedbush Securities Inc. boosted its position in Generac by 3.9% in the 4th quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company’s stock valued at $347,000 after buying an additional 84 shares during the last quarter. Quadrant Capital Group LLC increased its stake 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 valued at $35,000 after buying an additional 87 shares during the period. Finally, Cornerstone Wealth Management LLC raised its position in shares of Generac by 6.3% during the fourth quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company’s stock worth $235,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

GNRC has been the topic of several recent research reports. Truist Financial decreased 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. Robert W. Baird reduced their target price on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Stifel Nicolaus lowered 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, February 13th. Citigroup cut their price objective on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Bank of America initiated coverage on shares of Generac in a report on Monday, March 24th. They set a “buy” rating and a $182.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $175.60.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is owned by insiders.

Generac Stock Performance

Shares of GNRC stock opened at $110.48 on Tuesday. The company’s 50 day moving average price is $136.00 and its two-hundred day moving average price is $156.86. 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 Holdings Inc. has a 52 week low of $105.41 and a 52 week high of $195.94. The company has a market capitalization of $6.59 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. On average, analysts expect that Generac Holdings Inc. will post 8 earnings per share 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.