Forza Wealth Management LLC Takes Position in Generac Holdings Inc. (NYSE:GNRC)

Forza Wealth Management LLC acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRCFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,691 shares of the technology company’s stock, valued at approximately $262,000.

Several other institutional investors and hedge funds also recently bought and sold shares of GNRC. Sunbelt Securities Inc. raised its holdings in shares of Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares during the period. Modus Advisors LLC purchased a new stake in shares of Generac in the 4th quarter valued at approximately $27,000. Versant Capital Management Inc increased its holdings in Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after buying an additional 145 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Generac in the 3rd quarter valued at about $31,000. Finally, SouthState Corp acquired a new stake in Generac during the third quarter worth approximately $32,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Robert W. Baird dropped their price objective on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. The Goldman Sachs Group upped their price objective on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen increased their target price on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Citigroup cut their price target on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.80.

Get Our Latest Research Report on Generac

Generac Trading Up 0.7 %

GNRC stock traded up $1.15 during midday trading on Monday, reaching $158.59. 335,250 shares of the company’s stock traded hands, compared to its average volume of 636,061. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The business has a 50-day moving average price of $173.11 and a two-hundred day moving average price of $160.04. The company has a market capitalization of $9.44 billion, a P/E ratio of 32.90, a PEG ratio of 2.04 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96.

Generac (NYSE:GNRCGet Free Report) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.64 EPS. Equities research analysts forecast that Generac Holdings Inc. will post 6.84 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’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 sale, the chief executive officer now directly owns 570,825 shares in the company, valued at $89,904,937.50. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was 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 owns 10,738 shares in the company, valued at approximately $1,971,282.04. This trade represents a 22.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,268 shares of company stock valued at $7,577,703. Corporate insiders own 2.90% of the company’s stock.

Generac Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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