Mesirow Financial Investment Management Inc. Acquires 163 Shares of Generac Holdings Inc. (NYSE:GNRC)

Mesirow Financial Investment Management Inc. boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,630 shares of the technology company’s stock after acquiring an additional 163 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Generac were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. lifted its position in shares of Generac by 23.7% during the third quarter. Asset Management One Co. Ltd. now owns 1,147 shares of the technology company’s stock valued at $182,000 after buying an additional 220 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Generac by 5.0% during the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock valued at $11,324,000 after buying an additional 3,426 shares during the last quarter. Sigma Planning Corp purchased a new stake in shares of Generac during the third quarter valued at about $207,000. Kampmann Melissa S. lifted its position in shares of Generac by 19.0% during the third quarter. Kampmann Melissa S. now owns 16,865 shares of the technology company’s stock valued at $2,680,000 after buying an additional 2,695 shares during the last quarter. Finally, Delta Financial Advisors LLC lifted its position in shares of Generac by 24.5% during the third quarter. Delta Financial Advisors LLC now owns 5,909 shares of the technology company’s stock valued at $939,000 after buying an additional 1,163 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on GNRC shares. Barclays started coverage on shares of Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target for the company. Citigroup decreased their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Robert W. Baird decreased their price objective on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company decreased their price objective on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Finally, Piper Sandler decreased their price objective on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company 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 assigned a buy rating to the company. According to data from MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.00.

Generac Stock Performance

GNRC opened at $136.85 on Monday. Generac Holdings Inc. has a 12-month low of $110.35 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. The firm has a market capitalization of $8.16 billion, a PE ratio of 25.34, a P/E/G ratio of 1.44 and a beta of 1.50. The firm has a 50 day moving average of $148.62 and a two-hundred day moving average of $159.69.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS 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%. On average, analysts anticipate 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.