Oppenheimer & Co. Inc. Purchases 306 Shares of Generac Holdings Inc. (NYSE:GNRC)

Oppenheimer & Co. Inc. grew its holdings in Generac Holdings Inc. (NYSE:GNRC) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 45,080 shares of the technology company’s stock after purchasing an additional 306 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.08% of Generac worth $6,990,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GNRC. Modus Advisors LLC acquired a new position in Generac during the 4th quarter worth approximately $27,000. Versant Capital Management Inc grew its stake in shares of Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after buying an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC bought a new stake in shares of Generac during the fourth quarter worth $28,000. Brooklyn Investment Group acquired a new position in shares of Generac during the third quarter worth $31,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Generac in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.90% of the company’s stock.

Generac Trading Down 1.9 %

NYSE GNRC opened at $136.45 on Friday. Generac Holdings Inc. has a one year low of $109.90 and a one year high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The business has a 50 day simple moving average of $151.80 and a 200 day simple moving average of $160.41. The stock has a market capitalization of $8.13 billion, a P/E ratio of 25.27, a P/E/G ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Ratings Changes

GNRC has been the topic of a number of research reports. Wells Fargo & Company reduced their price objective on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. 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. UBS Group raised their price objective on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Robert W. Baird reduced their target price on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, Citigroup dropped their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

About Generac

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.