Union Bancaire Privee UBP SA Makes New $352,000 Investment in Generac Holdings Inc. (NYSE:GNRC)

Union Bancaire Privee UBP SA purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,390 shares of the technology company’s stock, valued at approximately $352,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GNRC. The Manufacturers Life Insurance Company grew its holdings in 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 during the last quarter. Jennison Associates LLC bought a new position in Generac during the 3rd quarter worth $45,722,000. International Assets Investment Management LLC lifted its holdings in 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 buying an additional 266,026 shares during the period. Stephens Investment Management Group LLC grew its position in shares of Generac by 678.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock valued at $30,560,000 after buying an additional 167,641 shares during the last quarter. Finally, Hodges Capital Management Inc. increased its stake in shares of Generac by 86.9% in the third quarter. Hodges Capital Management Inc. now owns 166,278 shares of the technology company’s stock valued at $26,418,000 after buying an additional 77,296 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

GNRC has been the topic of several analyst reports. Truist Financial reduced their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Piper Sandler lifted their target price on shares of Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Stifel Nicolaus boosted their price target on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, The Goldman Sachs Group lifted their price target on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $174.30.

Insider Buying and Selling at Generac

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the sale, the executive vice president now owns 10,738 shares of the company’s stock, valued at $1,971,282.04. The trade was a 22.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the transaction, the chief executive officer now directly owns 557,177 shares of the company’s stock, valued at approximately $92,825,688.20. This trade represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,268 shares of company stock worth $7,577,703 over the last ninety days. 2.90% of the stock is currently owned by company insiders.

Generac Trading Down 4.1 %

Shares of Generac stock opened at $148.97 on Wednesday. The firm has a market cap of $8.86 billion, a PE ratio of 30.91, a P/E/G ratio of 1.60 and a beta of 1.42. The stock has a fifty day moving average price of $166.83 and a 200-day moving average price of $161.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94.

Generac (NYSE:GNRC) last released its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 EPS. Equities research analysts anticipate that Generac Holdings Inc. will post 6.91 EPS for the current year.

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.