Willis Investment Counsel Grows Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Willis Investment Counsel grew its holdings in Generac Holdings Inc. (NYSE:GNRC) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,960 shares of the technology company’s stock after acquiring an additional 2,953 shares during the period. Willis Investment Counsel’s holdings in Generac were worth $16,739,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Empirical Finance LLC lifted its stake in shares of Generac by 4.1% in the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock valued at $268,000 after purchasing an additional 66 shares during the period. Nicollet Investment Management Inc. lifted its stake in shares of Generac by 1.1% in the 3rd quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock valued at $1,250,000 after purchasing an additional 82 shares during the period. Cornerstone Wealth Management LLC lifted its stake in shares of Generac by 6.3% in the 4th quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company’s stock valued at $235,000 after purchasing an additional 90 shares during the period. Mather Group LLC. raised its position in Generac by 6.5% during the third quarter. Mather Group LLC. now owns 1,528 shares of the technology company’s stock worth $243,000 after acquiring an additional 93 shares during the period. Finally, Blue Trust Inc. raised its position in Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after acquiring an additional 97 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on GNRC shares. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Stifel Nicolaus upped their price objective on shares of Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. TD Cowen upped their price objective on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Truist Financial reduced their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $174.30.

Insiders Place Their Bets

In other news, CFO York A. Ragen sold 29,081 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the 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 sale, the chief executive officer now directly owns 570,825 shares in the company, valued at $89,904,937.50. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,268 shares of company stock valued at $6,744,703 over the last 90 days. 2.90% of the stock is owned by company insiders.

Generac Trading Down 2.0 %

Shares of GNRC opened at $149.27 on Monday. 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 firm has a market capitalization of $8.88 billion, a P/E ratio of 30.97, a P/E/G ratio of 1.51 and a beta of 1.42. The firm has a 50-day moving average price of $164.75 and a 200 day moving average price of $161.42. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94.

Generac (NYSE:GNRC) last announced its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.27. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. Generac’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 earnings per share. Sell-side analysts forecast that Generac Holdings Inc. will post 6.91 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.