Newbridge Financial Services Group Inc. Takes $47,000 Position in Generac Holdings Inc. (NYSE:GNRC)

Newbridge Financial Services Group Inc. bought a new stake in Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 302 shares of the technology company’s stock, valued at approximately $47,000.

Other institutional investors also recently bought and sold shares of the company. Raymond James Trust N.A. lifted its stake in shares of Generac by 52.8% during the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock worth $541,000 after buying an additional 1,177 shares during the period. Nordea Investment Management AB purchased a new position in Generac in the fourth quarter valued at $5,229,000. Global Financial Private Client LLC acquired a new stake in shares of Generac in the fourth quarter valued at about $614,000. Principal Financial Group Inc. grew its position in shares of Generac by 5.0% in the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock valued at $11,324,000 after purchasing an additional 3,426 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Generac by 106.1% in the third quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock valued at $4,998,000 after purchasing an additional 14,811 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GNRC. TD Cowen boosted their price target 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. Citigroup reduced their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird cut their target price on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their target price on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Barclays began coverage on shares of Generac in a research note 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 assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.55.

Generac Trading Down 2.3 %

Shares of Generac stock opened at $141.74 on Wednesday. The company has a fifty day simple moving average of $159.13 and a 200-day simple moving average of $160.88. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month 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. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 1.44 and a beta of 1.42.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.

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.