Atwood & Palmer Inc. Acquires 884 Shares of Generac Holdings Inc. (NYSE:GNRC)

Atwood & Palmer Inc. grew its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 148,557 shares of the technology company’s stock after acquiring an additional 884 shares during the quarter. Generac comprises 1.6% of Atwood & Palmer Inc.’s investment portfolio, making the stock its 28th largest position. Atwood & Palmer Inc. owned about 0.25% of Generac worth $23,034,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sunbelt Securities Inc. increased its stake in Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Modus Advisors LLC purchased a new position in shares of Generac in the 4th quarter worth about $27,000. Versant Capital Management Inc raised its holdings in shares of Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after buying an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC bought a new stake in Generac in the 4th quarter worth approximately $28,000. Finally, Brooklyn Investment Group purchased a new stake in Generac in the third quarter worth approximately $31,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on GNRC shares. Roth Mkm lifted their price target on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. The Goldman Sachs Group upped their price target on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Piper Sandler increased their target price on Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. One 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.30.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the transaction, the chief executive officer now owns 570,825 shares of the company’s stock, valued at $89,904,937.50. This trade represents a 0.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was 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 directly owns 10,738 shares in the company, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,268 shares of company stock worth $7,577,703. 2.90% of the stock is owned by corporate insiders.

Generac Price Performance

Shares of NYSE GNRC opened at $161.12 on Tuesday. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The stock has a market capitalization of $9.59 billion, a P/E ratio of 33.43, a P/E/G ratio of 1.63 and a beta of 1.42. The company’s 50-day moving average is $170.24 and its 200 day moving average is $161.08. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96.

Generac (NYSE:GNRC) last posted its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.64 EPS. On average, sell-side analysts expect that Generac Holdings Inc. will post 6.91 earnings per share for the current year.

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.