Emerald Advisers LLC Purchases Shares of 1,348 Generac Holdings Inc. (NYSE:GNRC)

Emerald Advisers LLC acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,348 shares of the technology company’s stock, valued at approximately $209,000.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Truist Financial cut their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. UBS Group increased their price objective on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Robert W. Baird dropped their target price on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus decreased their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Barclays assumed coverage on shares of Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the 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 directly owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Generac Stock Down 1.3 %

Shares of GNRC stock opened at $131.57 on Monday. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 1.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The stock’s 50 day simple moving average is $143.39 and its 200 day simple moving average is $158.13. Generac Holdings Inc. has a twelve month low of $115.76 and a twelve month high of $195.94.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. As a group, research analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Generac Company 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.