Wintrust Investments LLC Has $66,000 Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Wintrust Investments LLC raised its holdings in Generac Holdings Inc. (NYSE:GNRC) by 55.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 428 shares of the technology company’s stock after buying an additional 152 shares during the quarter. Wintrust Investments LLC’s holdings in Generac were worth $66,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GNRC. Jennison Associates LLC lifted its stake in Generac by 133.6% in the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after buying an additional 384,434 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Generac during the fourth quarter worth approximately $46,785,000. The Manufacturers Life Insurance Company raised its position in shares of Generac by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after purchasing an additional 299,205 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Generac by 819.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 183,254 shares of the technology company’s stock worth $28,738,000 after purchasing an additional 163,323 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Generac by 498.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 126,121 shares of the technology company’s stock worth $19,555,000 after purchasing an additional 105,063 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citigroup lowered their target price on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. UBS Group upped their target price on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Truist Financial lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Piper Sandler decreased their price target on Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. One equities 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $174.00.

Generac Stock Down 2.8 %

Shares of NYSE:GNRC opened at $127.54 on Friday. The company has a market capitalization of $7.60 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The business has a fifty day moving average price of $146.62 and a two-hundred day moving average price of $158.96. Generac Holdings Inc. has a 1 year low of $110.35 and a 1 year high of $195.94.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. Analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the transaction, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is owned by corporate insiders.

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.