PFG Advisors Makes New Investment in Generac Holdings Inc. (NYSE:GNRC)

PFG Advisors acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,522 shares of the technology company’s stock, valued at approximately $391,000.

Other hedge funds have also recently bought and sold shares of the company. Wealthfront Advisers LLC bought a new stake in Generac in the 4th quarter valued at about $12,286,000. Inspire Advisors LLC bought a new stake in Generac in the 4th quarter valued at about $569,000. Miller Financial Services LLC bought a new stake in Generac in the 4th quarter valued at about $593,000. King Luther Capital Management Corp raised its stake in Generac by 1.1% in the 4th quarter. King Luther Capital Management Corp now owns 487,402 shares of the technology company’s stock valued at $75,572,000 after acquiring an additional 5,105 shares during the period. Finally, Moran Wealth Management LLC raised its stake in Generac by 5.1% in the 4th quarter. Moran Wealth Management LLC now owns 25,697 shares of the technology company’s stock valued at $3,984,000 after acquiring an additional 1,251 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GNRC shares. Barclays started coverage on Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price objective on the stock. Wells Fargo & Company decreased their price target on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group decreased their price target on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Truist Financial decreased their price target on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Piper Sandler decreased their price target on Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $174.00.

Generac Stock Performance

NYSE:GNRC opened at $130.41 on Friday. The firm has a market cap of $7.77 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a fifty-two week low of $110.86 and a fifty-two week high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The business has a 50 day moving average price of $146.05 and a 200-day moving average price of $158.79.

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

About Generac

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.