Burney Co. Sells 1,773 Shares of Generac Holdings Inc. (NYSE:GNRC)

Burney Co. lessened its holdings in Generac Holdings Inc. (NYSE:GNRC) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,278 shares of the technology company’s stock after selling 1,773 shares during the period. Burney Co.’s holdings in Generac were worth $3,919,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its stake in Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares during the period. Modus Advisors LLC purchased a new stake in shares of Generac during the fourth quarter valued at $27,000. Versant Capital Management Inc boosted its stake in shares of Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Generac during the third quarter valued at $31,000. Finally, SouthState Corp purchased a new stake in shares of Generac during the third quarter valued at $32,000. Institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

Shares of Generac stock opened at $160.01 on Thursday. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. The company has a market capitalization of $9.52 billion, a PE ratio of 33.20, a P/E/G ratio of 2.04 and a beta of 1.42. The company has a 50-day simple moving average of $172.01 and a two-hundred day simple moving average of $160.40.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.64 earnings per share. Research analysts expect that Generac Holdings Inc. will post 6.84 EPS for the current fiscal year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $166.60, for a total value of $833,000.00. Following the sale, the chief executive officer now owns 557,177 shares in the company, valued at approximately $92,825,688.20. This represents a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO York A. Ragen sold 29,081 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the sale, the chief financial officer now owns 135,613 shares in the company, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,268 shares of company stock worth $7,577,703 over the last quarter. Insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GNRC shares. 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 target price for the company. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. The Goldman Sachs Group upped their price objective 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. Piper Sandler upped their price objective on shares of Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Roth Mkm upped their price objective on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $174.80.

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.