West Bancorporation Inc. Purchases Shares of 1,495 Generac Holdings Inc. (NYSE:GNRC)

West Bancorporation Inc. acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,495 shares of the technology company’s stock, valued at approximately $232,000.

A number of other hedge funds also recently made changes to their positions in the stock. Empirical Finance LLC lifted its position in shares of Generac by 4.1% in the third quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock valued at $268,000 after acquiring an additional 66 shares in the last quarter. Nicollet Investment Management Inc. boosted its stake in Generac by 1.1% in the 3rd quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock worth $1,250,000 after purchasing an additional 82 shares during the period. Cornerstone Wealth Management LLC raised its position in shares of Generac by 6.3% during the fourth quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company’s stock valued at $235,000 after buying an additional 90 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of Generac by 6.5% in the third quarter. Mather Group LLC. now owns 1,528 shares of the technology company’s stock worth $243,000 after buying an additional 93 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after acquiring an additional 97 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $89,904,937.50. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the sale, the executive vice president now directly owns 10,738 shares of the company’s stock, valued at approximately $1,971,282.04. The trade was a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,268 shares of company stock valued at $6,744,703. Company insiders own 2.90% of the company’s stock.

Generac Trading Down 2.0 %

GNRC opened at $149.27 on Friday. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average is $164.75 and its two-hundred day moving average is $161.38. The company has a market capitalization of $8.88 billion, a P/E ratio of 30.97, a PEG ratio of 1.50 and a beta of 1.42. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94.

Generac (NYSE:GNRC) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the company posted $1.64 earnings per share. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts forecast that Generac Holdings Inc. will post 6.91 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on GNRC. The Goldman Sachs Group boosted their price target on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Robert W. Baird reduced their price objective on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Truist Financial lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. TD Cowen upped their price target on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Barclays initiated coverage on shares of Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective for the company. One equities 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, Generac has an average rating of “Moderate Buy” and an average target price of $174.30.

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.