Generac Holdings Inc. (NYSE:GNRC) Stock Position Increased by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC boosted its position in Generac Holdings Inc. (NYSE:GNRC) by 11.5% during the 4th quarter, HoldingsChannel reports. The firm owned 8,808 shares of the technology company’s stock after buying an additional 907 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Generac were worth $1,366,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Modus Advisors LLC bought a new stake in Generac in the 4th quarter valued at about $27,000. Cranbrook Wealth Management LLC acquired a new position in Generac during the 4th quarter valued at about $28,000. Versant Capital Management Inc increased its stake in Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after buying an additional 145 shares during the period. Brooklyn Investment Group acquired a new position in Generac during the 3rd quarter valued at about $31,000. Finally, SouthState Corp acquired a new position in Generac during the 3rd quarter valued at about $32,000. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Performance

Generac stock opened at $130.79 on Tuesday. The firm’s 50 day simple moving average is $151.00 and its 200-day simple moving average is $160.41. The company has a market cap of $7.80 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. Generac Holdings Inc. has a fifty-two week low of $109.90 and a fifty-two week high of $195.94.

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

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GNRC has been the topic of several research analyst reports. Citigroup lowered their target price 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. Barclays initiated 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. Piper Sandler lowered their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company lowered their target price on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Finally, Robert W. Baird lowered their target price on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research note 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 given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $174.00.

Generac 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.