Moloney Securities Asset Management LLC Takes Position in Generac Holdings Inc. (NYSE:GNRC)

Moloney Securities Asset Management LLC purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,766 shares of the technology company’s stock, valued at approximately $429,000.

A number of other institutional investors have also recently bought and sold shares of GNRC. Modus Advisors LLC acquired a new stake in shares of Generac during the 4th quarter worth about $27,000. Cranbrook Wealth Management LLC bought a new position in Generac in the 4th quarter valued at about $28,000. Versant Capital Management Inc lifted its position in Generac by 391.9% during 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 during the last quarter. Brooklyn Investment Group bought a new stake in shares of Generac during the third quarter worth approximately $31,000. Finally, SouthState Corp acquired a new position in shares of Generac in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In other Generac news, 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 value of $787,500.00. Following the completion of the transaction, the chief executive officer now directly owns 570,825 shares in the company, valued at approximately $89,904,937.50. This trade represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.90% of the company’s stock.

Generac Trading Up 2.1 %

Shares of Generac stock opened at $145.15 on Tuesday. The firm’s 50 day moving average is $159.98 and its 200 day moving average is $160.93. The firm has a market capitalization of $8.64 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

Analyst Ratings Changes

GNRC has been the subject of several recent research reports. Roth Mkm boosted their price target on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus boosted their target price on shares of Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Piper Sandler lowered their price target on shares of Generac from $200.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday. Robert W. Baird dropped their price objective on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Barclays initiated coverage on shares of Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $173.55.

About Generac

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.