Moran Wealth Management LLC Increases Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Moran Wealth Management LLC grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 5.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,697 shares of the technology company’s stock after buying an additional 1,251 shares during the period. Moran Wealth Management LLC’s holdings in Generac were worth $3,984,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in GNRC. Asset Management One Co. Ltd. grew its stake in shares of Generac by 23.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,147 shares of the technology company’s stock valued at $182,000 after buying an additional 220 shares during the period. Principal Financial Group Inc. boosted its position in Generac by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock worth $11,324,000 after purchasing an additional 3,426 shares during the period. Mesirow Financial Investment Management Inc. purchased a new stake in Generac during the 3rd quarter worth $233,000. Sigma Planning Corp purchased a new stake in Generac during the 3rd quarter worth $207,000. Finally, Delta Financial Advisors LLC boosted its position in Generac by 24.5% during the 3rd quarter. Delta Financial Advisors LLC now owns 5,909 shares of the technology company’s stock worth $939,000 after purchasing an additional 1,163 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GNRC. Barclays began coverage on shares of Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target for the company. Citigroup decreased their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus decreased their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company decreased their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Finally, Robert W. Baird cut their price objective on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.90% of the company’s stock.

Generac Stock Performance

Shares of Generac stock opened at $131.67 on Tuesday. The firm has a market cap of $7.85 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The firm’s 50-day simple moving average is $148.15 and its 200-day simple moving average is $159.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. Generac Holdings Inc. has a 1 year low of $110.35 and a 1 year high of $195.94.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Equities analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

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.