Optimize Financial Inc Makes New $232,000 Investment in Generac Holdings Inc. (NYSE:GNRC)

Optimize Financial Inc acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,499 shares of the technology company’s stock, valued at approximately $232,000.

A number of other institutional investors have also made changes to their positions in GNRC. Nordea Investment Management AB acquired a new position in Generac during the fourth quarter valued at approximately $5,229,000. Global Financial Private Client LLC acquired a new position in Generac in the 4th quarter valued at $614,000. Franklin Resources Inc. raised its holdings in Generac by 106.1% in the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock worth $4,998,000 after acquiring an additional 14,811 shares during the period. Barclays PLC lifted its position in Generac by 41.4% during the 3rd quarter. Barclays PLC now owns 185,193 shares of the technology company’s stock worth $29,425,000 after acquiring an additional 54,202 shares during the last quarter. Finally, Dakota Wealth Management boosted its holdings in Generac by 59.1% during the fourth quarter. Dakota Wealth Management now owns 48,998 shares of the technology company’s stock valued at $7,597,000 after acquiring an additional 18,197 shares during the period. 84.04% of the stock is owned by institutional investors.

Generac Price Performance

Shares of GNRC stock opened at $110.15 on Friday. The stock’s fifty day simple moving average is $131.34 and its 200 day simple moving average is $155.14. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $195.94. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 1.44 and a beta of 1.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) 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%. On average, analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction 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 completion of the transaction, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of recent analyst reports. Bank of America initiated coverage on Generac in a research note on Monday, March 24th. They issued a “buy” rating and a $182.00 price objective on the stock. 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. Truist Financial reduced their price objective on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Piper Sandler dropped their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group decreased their price target on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $175.60.

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.