Generac Holdings Inc. (NYSE:GNRC) Stake Increased by Captrust Financial Advisors

Captrust Financial Advisors boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,984 shares of the technology company’s stock after buying an additional 1,890 shares during the period. Captrust Financial Advisors’ holdings in Generac were worth $4,339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. MetLife Investment Management LLC boosted its position in Generac by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company’s stock valued at $2,636,000 after purchasing an additional 77 shares during the last quarter. Alaethes Wealth LLC lifted its holdings in shares of Generac by 0.7% during the 4th quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company’s stock valued at $1,817,000 after buying an additional 78 shares during the last quarter. Allworth Financial LP increased its holdings in Generac by 3.0% in the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock worth $435,000 after buying an additional 80 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Generac by 42.0% in the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock valued at $44,000 after acquiring an additional 84 shares during the last quarter. Finally, Wedbush Securities Inc. grew its position in Generac by 3.9% in the fourth quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company’s stock worth $347,000 after acquiring an additional 84 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Stock Performance

NYSE GNRC opened at $121.10 on Friday. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $195.94. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The stock has a market cap of $7.22 billion, a P/E ratio of 22.43, a PEG ratio of 1.44 and a beta of 1.73. The company’s 50-day simple moving average is $120.44 and its 200 day simple moving average is $148.01.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on GNRC. The Goldman Sachs Group decreased their price objective on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Stifel Nicolaus decreased their target price on Generac from $200.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Truist Financial dropped their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Piper Sandler decreased their price objective on shares of Generac from $175.00 to $155.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, TD Securities cut their target price on shares of Generac from $173.00 to $155.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.20.

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.