180 Shares in Generac Holdings Inc. (NYSE:GNRC) Bought by Cranbrook Wealth Management LLC

Cranbrook Wealth Management LLC purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, Holdings Channel reports. The firm purchased 180 shares of the technology company’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its position in shares of Generac by 7.6% in the second quarter. Federated Hermes Inc. now owns 9,811 shares of the technology company’s stock valued at $1,297,000 after acquiring an additional 691 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Generac by 189.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 521 shares of the technology company’s stock worth $69,000 after purchasing an additional 341 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Generac by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock worth $92,941,000 after purchasing an additional 35,026 shares in the last quarter. Argent Trust Co acquired a new stake in shares of Generac in the 2nd quarter valued at approximately $450,000. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Generac by 32.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,170 shares of the technology company’s stock valued at $684,000 after buying an additional 1,275 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac 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 sale, the chief executive officer now directly owns 570,825 shares of the company’s stock, valued at approximately $89,904,937.50. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction, the executive vice president now directly owns 10,738 shares of the company’s stock, valued at $1,971,282.04. This represents a 22.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock worth $7,577,703 in the last three months. 2.90% of the stock is owned by corporate insiders.

Generac Price Performance

GNRC stock opened at $161.12 on Friday. The company’s 50-day moving average price is $170.92 and its two-hundred day moving average price is $160.60. The firm has a market cap of $9.59 billion, a P/E ratio of 33.43, a P/E/G ratio of 1.59 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 Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.27. The business had revenue of $1.17 billion during 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%. Generac’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.64 EPS. On average, analysts anticipate that Generac Holdings Inc. will post 6.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GNRC has been the topic of several recent analyst reports. Roth Mkm boosted 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. Robert W. Baird lowered their price target on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. TD Cowen raised their price objective on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group boosted their target price on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, StockNews.com raised Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. One research 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 MarketBeat, Generac presently has an average rating of “Moderate Buy” and a consensus target price of $174.30.

Generac 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.