Legacy Financial Group LLC Invests $239,000 in Generac Holdings Inc. (NYSE:GNRC)

Legacy Financial Group LLC bought a new stake in Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,540 shares of the technology company’s stock, valued at approximately $239,000.

Several other large investors also recently bought and sold shares of GNRC. Sunbelt Securities Inc. grew its stake 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 buying an additional 100 shares in the last quarter. Modus Advisors LLC purchased a new position in Generac in the fourth quarter worth about $27,000. Versant Capital Management Inc raised its position in Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares during the period. Cranbrook Wealth Management LLC bought a new stake in shares of Generac in the 4th quarter valued at approximately $28,000. Finally, Brooklyn Investment Group purchased a new position in shares of Generac in the 3rd quarter worth approximately $31,000. Institutional investors own 84.04% of the company’s stock.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $166.60, for a total transaction of $833,000.00. Following the sale, the chief executive officer now directly owns 557,177 shares of the company’s stock, valued at $92,825,688.20. The trade was a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO York A. Ragen sold 29,081 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the transaction, the chief financial officer now owns 135,613 shares of the company’s stock, valued at $25,051,789.49. This trade represents a 17.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,268 shares of company stock worth $7,577,703. Insiders own 2.90% of the company’s stock.

Generac Stock Up 0.7 %

NYSE:GNRC opened at $157.40 on Monday. 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 stock has a market capitalization of $9.37 billion, a P/E ratio of 32.65, a P/E/G ratio of 1.60 and a beta of 1.42. The company’s 50-day simple moving average is $167.98 and its 200-day simple moving average is $161.57. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (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 the consensus estimate of $1.16 billion. During the same period in the prior year, the firm posted $1.64 earnings per share. The business’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts anticipate that Generac Holdings Inc. will post 6.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GNRC. Robert W. Baird lowered their price target on Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Roth Mkm raised their price objective 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. Truist Financial reduced their price target on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Stifel Nicolaus boosted their price objective on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and a consensus price target of $174.30.

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.