New Century Financial Group LLC Buys New Position in Generac Holdings Inc. (NYSE:GNRC)

New Century Financial Group LLC purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,340 shares of the technology company’s stock, valued at approximately $1,166,000.

Other large investors have also bought and sold shares of the company. Raymond James Trust N.A. raised its holdings in shares of Generac by 52.8% in the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock valued at $541,000 after purchasing an additional 1,177 shares during the last quarter. Willis Investment Counsel increased its stake in Generac by 18.7% in the 3rd quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock valued at $16,684,000 after buying an additional 16,541 shares during the last quarter. Nordea Investment Management AB bought a new position in shares of Generac during the 4th quarter worth approximately $5,229,000. Global Financial Private Client LLC purchased a new position in shares of Generac in the 4th quarter worth approximately $614,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Generac by 85.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock worth $928,000 after buying an additional 3,244 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Down 1.4 %

Shares of NYSE GNRC opened at $156.45 on Friday. The business has a 50-day simple moving average of $169.06 and a two-hundred day simple moving average of $161.23. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The company has a market cap of $9.31 billion, a P/E ratio of 32.46, a P/E/G ratio of 1.66 and a beta of 1.42. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business earned $1.64 earnings per share. Generac’s revenue was up 9.6% compared to the same quarter last year. Research analysts anticipate that Generac Holdings Inc. will post 6.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on GNRC shares. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. The Goldman Sachs Group lifted their target price on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Robert W. Baird reduced their price target on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Barclays began coverage on shares of Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their target price on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Generac presently has an average rating of “Moderate Buy” and a consensus target price of $174.30.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated 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 approximately $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the sale, the executive vice president now owns 10,738 shares of the company’s stock, valued at approximately $1,971,282.04. The trade was a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,268 shares of company stock worth $7,577,703 in the last three months. Corporate 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.