K.J. Harrison & Partners Inc Makes New Investment in Generac Holdings Inc. (NYSE:GNRC)

K.J. Harrison & Partners Inc bought a new position in Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, HoldingsChannel.com reports. The fund bought 3,000 shares of the technology company’s stock, valued at approximately $471,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its position in Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after purchasing an additional 97 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Generac by 66.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,424 shares of the technology company’s stock worth $685,000 after buying an additional 1,762 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Generac by 17.8% in the third quarter. Nisa Investment Advisors LLC now owns 2,008 shares of the technology company’s stock worth $319,000 after buying an additional 303 shares in the last quarter. Avitas Wealth Management LLC grew its holdings in shares of Generac by 19.5% during the third quarter. Avitas Wealth Management LLC now owns 2,546 shares of the technology company’s stock valued at $405,000 after buying an additional 416 shares during the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV bought a new stake in shares of Generac during the third quarter valued at approximately $3,742,000. 84.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup lowered their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Barclays started coverage on Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target on the stock. TD Cowen lifted their price objective on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group lowered their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Stifel Nicolaus dropped 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is currently owned by company insiders.

Generac Trading Down 1.9 %

Shares of NYSE:GNRC opened at $136.45 on Friday. The stock has a 50 day moving average of $151.80 and a 200 day moving average of $160.41. The company has a market cap of $8.13 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. Generac Holdings Inc. has a 12-month low of $109.90 and a 12-month high of $195.94. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping 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%. As a group, equities research analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

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.