Econ Financial Services Corp Invests $580,000 in Generac Holdings Inc. (NYSE:GNRC)

Econ Financial Services Corp bought a new stake in Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,741 shares of the technology company’s stock, valued at approximately $580,000.

Other large investors have also recently bought and sold shares of the company. Jennison Associates LLC boosted its holdings in shares of Generac by 133.6% during the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after purchasing an additional 384,434 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Generac by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after buying an additional 299,205 shares during the period. International Assets Investment Management LLC boosted its stake in Generac by 25,311.7% in 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 last quarter. Stephens Investment Management Group LLC grew its holdings in 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 period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Generac by 498.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,121 shares of the technology company’s stock valued at $19,555,000 after acquiring an additional 105,063 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Price Performance

Shares of NYSE GNRC opened at $142.30 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The business has a 50 day moving average price of $162.81 and a two-hundred day moving average price of $161.23. The firm has a market cap of $8.47 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 1.51 and a beta of 1.42.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GNRC. The Goldman Sachs Group raised their target price on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Robert W. Baird lowered 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. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Roth Mkm lifted their target price on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Truist Financial dropped their price target on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $174.30.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the sale, the chief executive officer now owns 570,825 shares in the company, valued at $89,904,937.50. This represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate 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.