Kestra Private Wealth Services LLC Boosts Holdings in Generac Holdings Inc. (NYSE:GNRC)

Kestra Private Wealth Services LLC increased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 15.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,566 shares of the technology company’s stock after purchasing an additional 873 shares during the period. Kestra Private Wealth Services LLC’s holdings in Generac were worth $1,018,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its holdings in shares of Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after acquiring an additional 384,434 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Generac by 114.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after acquiring an additional 299,205 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in shares of Generac by 5.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company’s stock worth $61,262,000 after acquiring an additional 20,576 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Generac by 25,311.7% during the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock worth $42,433,000 after acquiring an additional 266,026 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its holdings in shares of Generac by 25.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 241,114 shares of the technology company’s stock worth $37,385,000 after acquiring an additional 48,765 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GNRC. The Goldman Sachs Group decreased their price objective on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday. Robert W. Baird cut their target price on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday. Piper Sandler cut their target price on Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Finally, Truist Financial cut 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. One equities 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.00.

Generac Stock Performance

Shares of Generac stock opened at $146.68 on Friday. The firm has a market cap of $8.73 billion, a P/E ratio of 30.43, a P/E/G ratio of 1.44 and a beta of 1.42. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The stock’s fifty day moving average price is $157.62 and its 200-day moving average price is $160.69.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 16.70% and a net margin of 7.17%. On average, equities research analysts expect that Generac Holdings Inc. will post 6.91 earnings per share for the current fiscal year.

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.