Fiduciary Financial Group LLC Takes $287,000 Position in Generac Holdings Inc. (NYSE:GNRC)

Fiduciary Financial Group LLC purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,820 shares of the technology company’s stock, valued at approximately $287,000.

Several other hedge funds also recently modified their holdings of the company. Modus Advisors LLC acquired a new position in shares of Generac in the 4th quarter worth $27,000. Versant Capital Management Inc grew its holdings in shares of Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after acquiring an additional 145 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Generac in the 3rd quarter worth $31,000. SouthState Corp acquired a new position in shares of Generac in the 3rd quarter worth $32,000. Finally, Sunbelt Securities Inc. grew its holdings in shares of Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GNRC. Roth Mkm lifted their price target on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Truist Financial lifted their price target on Generac from $170.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. The Goldman Sachs Group lifted their price target on Generac from $148.00 to $193.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their price target on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. lifted their price objective on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $174.80.

Generac Trading Down 0.3 %

Generac stock opened at $160.01 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. The business’s 50-day simple moving average is $172.01 and its 200-day simple moving average is $160.40. The firm has a market capitalization of $9.52 billion, a PE ratio of 33.20, a PEG ratio of 2.04 and a beta of 1.42. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company posted $1.64 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts forecast that Generac Holdings Inc. will post 6.84 earnings per share for the current year.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $166.60, for a total value of $833,000.00. Following the sale, the chief executive officer now directly owns 557,177 shares in the company, valued at approximately $92,825,688.20. This represents a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the sale, the executive vice president now owns 10,738 shares in the company, valued at approximately $1,971,282.04. This represents a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock worth $7,577,703 over the last three months. Company insiders own 2.90% of the company’s stock.

Generac Company 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.