Generac Holdings Inc. $GNRC Shares Purchased by Willis Investment Counsel
by Danessa Lincoln · The Markets DailyWillis Investment Counsel increased its position in shares of Generac Holdings Inc. (NYSE:GNRC – Free Report) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,137 shares of the technology company’s stock after acquiring an additional 13,553 shares during the period. Willis Investment Counsel owned about 0.24% of Generac worth $19,520,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of GNRC. NewEdge Advisors LLC lifted its stake in Generac by 6.2% during the 1st quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock worth $309,000 after acquiring an additional 142 shares in the last quarter. Woodline Partners LP lifted its stake in Generac by 40.9% during the 1st quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock worth $638,000 after acquiring an additional 1,463 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Generac by 44.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,424 shares of the technology company’s stock worth $204,000 after acquiring an additional 436 shares in the last quarter. First Trust Advisors LP lifted its stake in Generac by 27.6% during the 2nd quarter. First Trust Advisors LP now owns 101,298 shares of the technology company’s stock worth $14,507,000 after acquiring an additional 21,908 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Generac by 1.6% during the 2nd quarter. Cerity Partners LLC now owns 50,550 shares of the technology company’s stock worth $7,239,000 after acquiring an additional 816 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.
Generac Price Performance
Shares of NYSE GNRC opened at $202.93 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $241.09. The firm has a market capitalization of $11.91 billion, a PE ratio of 75.72, a price-to-earnings-growth ratio of 1.38 and a beta of 1.78. The stock’s 50-day simple moving average is $204.79 and its 200-day simple moving average is $176.29.
Generac (NYSE:GNRC – Get Free Report) last issued its earnings results on Wednesday, February 11th. The technology company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.20). Generac had a return on equity of 14.55% and a net margin of 3.79%.The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business posted $2.80 EPS. Generac’s revenue was down 11.6% on a year-over-year basis. As a group, equities research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current fiscal year.
Insider Buying and Selling at Generac
In other news, CFO York A. Ragen sold 24,362 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the sale, the chief financial officer owned 137,182 shares of the company’s stock, valued at approximately $32,321,451.02. This trade represents a 15.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently issued reports on GNRC. Jefferies Financial Group assumed coverage on Generac in a research note on Friday, March 20th. They set a “hold” rating and a $222.00 target price on the stock. Barclays increased their price target on Generac from $213.00 to $228.00 and gave the company an “equal weight” rating in a research report on Friday, March 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $277.00 price target on shares of Generac in a research report on Thursday, March 26th. Guggenheim reaffirmed a “neutral” rating and issued a $202.00 price target on shares of Generac in a research report on Tuesday, February 10th. Finally, Bank of America reduced their price target on Generac from $260.00 to $248.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $229.94.
View Our Latest Research Report on GNRC
About Generac
Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.
Generac’s product lineup addresses a broad range of customer needs.