Cibc World Markets Corp Buys 2,078 Shares of Generac Holdings Inc. (NYSE:GNRC)

Cibc World Markets Corp lifted its stake in Generac Holdings Inc. (NYSE:GNRC) by 45.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,696 shares of the technology company’s stock after acquiring an additional 2,078 shares during the period. Cibc World Markets Corp’s holdings in Generac were worth $1,038,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Modus Advisors LLC bought a new position in Generac during the fourth quarter worth $27,000. Versant Capital Management Inc increased its holdings in shares of Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after purchasing an additional 145 shares during the period. Cranbrook Wealth Management LLC acquired a new position in shares of Generac during the fourth quarter valued at about $28,000. Brooklyn Investment Group bought a new stake in shares of Generac in the third quarter valued at about $31,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Generac during the fourth quarter worth about $31,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Stock Performance

Shares of GNRC stock opened at $131.57 on Friday. The stock has a 50-day moving average of $143.39 and a 200-day moving average of $157.97. Generac Holdings Inc. has a one year low of $115.76 and a one year high of $195.94. The stock has a market cap of $7.84 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

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

Wall Street Analysts Forecast Growth

GNRC has been the subject of a number of research reports. Citigroup reduced their price objective on 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 lowered their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Truist Financial reduced their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. UBS Group upped their target price on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Barclays started coverage on shares of Generac in a research note on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and a consensus target price of $174.00.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.90% of the stock is currently owned by insiders.

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.