A number of other large investors have also recently added to or reduced their stakes in GNRC. Nomura Asset Management Co. Ltd. boosted its stake in Generac by 5.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 14,746 shares of the technology company’s stock worth $2,627,000 after purchasing an additional 705 shares during the period. Senator Investment Group LP boosted its stake in Generac by 50.0% in the 3rd quarter. Senator Investment Group LP now owns 75,000 shares of the technology company’s stock worth $13,360,000 after purchasing an additional 25,000 shares during the period. Ashfield Capital Partners LLC acquired a new position in Generac in the 3rd quarter worth approximately $250,000. Greenwood Capital Associates LLC boosted its stake in Generac by 38.8% in the 3rd quarter. Greenwood Capital Associates LLC now owns 32,364 shares of the technology company’s stock worth $5,765,000 after purchasing an additional 9,055 shares during the period. Finally, Hedeker Wealth LLC boosted its stake in Generac by 93.5% in the 3rd quarter. Hedeker Wealth LLC now owns 26,032 shares of the technology company’s stock worth $4,637,000 after purchasing an additional 12,578 shares during the period. 88.71% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Generac from $98.00 to $130.00 in a research note on Thursday. Janney Montgomery Scott assumed coverage on shares of Generac in a research note on Wednesday, December 28th. They issued a “buy” rating and a $160.00 price objective for the company. Credit Suisse Group decreased their price objective on shares of Generac from $165.00 to $159.00 and set an “outperform” rating for the company in a research note on Thursday, February 2nd. Cowen decreased their target price on shares of Generac from $179.00 to $157.00 in a research note on Thursday, November 3rd. Finally, Wells Fargo & Company decreased their target price on shares of Generac from $155.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, January 6th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $231.29.
Insider Transactions at Generac
In other Generac news, Director Robert D. Dixon bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The stock was purchased at an average price of $97.27 per share, for a total transaction of $194,540.00. Following the purchase, the director now directly owns 8,895 shares in the company, valued at $865,216.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is currently owned by corporate insiders.
Generac Trading Down 3.9 %
Shares of GNRC stock opened at $129.91 on Friday. The business’s 50 day moving average is $108.35 and its two-hundred day moving average is $149.27. The company has a quick ratio of 0.80, a current ratio of 2.20 and a debt-to-equity ratio of 0.61. Generac Holdings Inc. has a 12 month low of $86.29 and a 12 month high of $329.50. The company has a market cap of $8.23 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19.
Generac (NYSE:GNRC – Get Rating) last posted its earnings results on Wednesday, February 15th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.08. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.07 billion. Generac had a net margin of 8.75% and a return on equity of 23.82%. Generac’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $2.51 EPS. Equities analysts predict that Generac Holdings Inc. will post 6.97 EPS for the current year.
Generac Company Profile
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Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the U.S. and Canada.
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