MFA Wealth Advisors LLC Purchases 3,829 Shares of Generac Holdings Inc. (NYSE:GNRC)

MFA Wealth Advisors LLC increased its position in Generac Holdings Inc. (NYSE:GNRC) by 16.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,911 shares of the technology company’s stock after purchasing an additional 3,829 shares during the quarter. Generac makes up 1.1% of MFA Wealth Advisors LLC’s holdings, making the stock its 26th largest position. MFA Wealth Advisors LLC’s holdings in Generac were worth $4,173,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GNRC. Stiles Financial Services Inc grew its stake in Generac by 17.3% in the 4th quarter. Stiles Financial Services Inc now owns 14,428 shares of the technology company’s stock valued at $2,237,000 after buying an additional 2,130 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Generac in the 4th quarter valued at $47,000. Kestra Private Wealth Services LLC boosted its holdings in shares of Generac by 15.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 6,566 shares of the technology company’s stock valued at $1,018,000 after purchasing an additional 873 shares in the last quarter. Stephens Inc. AR boosted its holdings in shares of Generac by 34.9% during the 4th quarter. Stephens Inc. AR now owns 11,210 shares of the technology company’s stock valued at $1,738,000 after acquiring an additional 2,901 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its position in 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 purchasing an additional 48,765 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated 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 transaction, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.90% of the company’s stock.

Generac Stock Down 0.3 %

Shares of NYSE GNRC opened at $142.22 on Monday. The company has a market capitalization of $8.46 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The firm’s 50-day moving average is $159.98 and its two-hundred day moving average is $160.93. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96.

Analysts Set New Price Targets

Several equities analysts recently weighed in on GNRC shares. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Truist Financial lowered their price target on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Citigroup cut their price objective on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Roth Mkm raised their price target on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird reduced their price objective on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. 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’s stock. Based on data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and a consensus target price of $173.55.

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.