Burney Co. Sells 1,773 Shares of Generac Holdings Inc. (NYSE:GNRC)

Burney Co. lessened its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,278 shares of the technology company’s stock after selling 1,773 shares during the period. Burney Co.’s holdings in Generac were worth $3,919,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Federated Hermes Inc. increased its holdings in shares of Generac by 7.6% during 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 in the last quarter. Brown Brothers Harriman & Co. increased its stake in Generac by 189.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 521 shares of the technology company’s stock valued at $69,000 after purchasing an additional 341 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Generac by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock worth $92,941,000 after buying an additional 35,026 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Generac in the second quarter worth approximately $1,957,000. Finally, Argent Trust Co purchased a new stake in shares of Generac during the second quarter valued at approximately $450,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Piper Sandler upped their price objective on Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. increased their price objective on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Stifel Nicolaus boosted their target price on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group raised their price target on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Roth Mkm boosted their price objective on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.80.

Generac Stock Performance

GNRC opened at $160.01 on Thursday. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The company has a market cap of $9.52 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 2.04 and a beta of 1.42. The company’s 50 day moving average is $172.01 and its 200 day moving average is $160.40. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94.

Generac (NYSE:GNRC) last released its earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the business earned $1.64 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts predict that Generac Holdings Inc. will post 6.84 EPS for the current year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the sale, the chief executive officer now owns 570,825 shares in the company, valued at approximately $89,904,937.50. This trade represents a 0.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO York A. Ragen sold 29,081 shares of Generac stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the sale, the chief financial officer now owns 135,613 shares in the company, valued at approximately $25,051,789.49. The trade was a 17.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,268 shares of company stock worth $7,577,703. Company insiders own 2.90% of the company’s stock.

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.