Secured Retirement Advisors LLC Buys Shares of 6,963 Generac Holdings Inc. (NYSE:GNRC)

Secured Retirement Advisors LLC purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,963 shares of the technology company’s stock, valued at approximately $1,080,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GNRC. Jennison Associates LLC increased its stake in Generac by 133.6% during the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after acquiring an additional 384,434 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Generac by 114.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after purchasing an additional 299,205 shares during the period. International Assets Investment Management LLC increased its position in shares of Generac by 25,311.7% during the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock worth $42,433,000 after purchasing an additional 266,026 shares during the last quarter. Stephens Investment Management Group LLC raised its holdings in Generac by 678.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock valued at $30,560,000 after buying an additional 167,641 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in Generac by 819.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 183,254 shares of the technology company’s stock valued at $28,738,000 after buying an additional 163,323 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of recent analyst reports. Piper Sandler dropped their price target on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Wells Fargo & Company lowered their price target on Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research report on Thursday. Citigroup dropped their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus decreased their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $174.00.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the sale, the chief executive officer now directly owns 570,825 shares of the company’s stock, valued at $89,904,937.50. This represents a 0.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.90% of the company’s stock.

Generac Stock Down 0.0 %

Generac stock opened at $146.80 on Friday. The stock’s fifty day moving average is $156.31 and its two-hundred day moving average is $160.57. The stock has a market cap of $8.73 billion, a PE ratio of 30.46, a P/E/G ratio of 1.44 and a beta of 1.42. Generac Holdings Inc. has a 1-year low of $108.89 and a 1-year 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.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 16.70% and a net margin of 7.17%. On average, sell-side analysts expect that Generac Holdings Inc. will post 6.91 EPS 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.