Lebenthal Global Advisors LLC Invests $330,000 in Generac Holdings Inc. (NYSE:GNRC)

Lebenthal Global Advisors LLC bought a new position in Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,127 shares of the technology company’s stock, valued at approximately $330,000.

A number of other large investors have also bought and sold shares of GNRC. Modus Advisors LLC acquired a new stake in shares of Generac in the fourth quarter valued at approximately $27,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Generac in the 4th quarter valued at $28,000. Versant Capital Management Inc raised its position 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 worth $28,000 after acquiring an additional 145 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Generac during the third quarter valued at $31,000. Finally, SouthState Corp bought a new position in Generac in the third quarter valued at about $32,000. 84.04% of the stock is currently owned by institutional investors.

Generac Trading Down 4.1 %

GNRC opened at $148.97 on Wednesday. The firm’s fifty day simple moving average is $166.83 and its 200 day simple moving average is $161.58. The stock has a market capitalization of $8.86 billion, a P/E ratio of 30.91, a P/E/G ratio of 1.60 and a beta of 1.42. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping 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 company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the firm earned $1.64 earnings per share. Generac’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, research analysts anticipate that Generac Holdings Inc. will post 6.91 EPS for the current fiscal year.

Insider Transactions at Generac

In related news, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the sale, the executive vice president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 42,268 shares of company stock valued at $7,577,703 over the last 90 days. 2.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup cut their target price on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus raised their price objective on shares of Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. TD Cowen lifted their target price on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Robert W. Baird reduced their price target on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Piper Sandler upped their price objective on Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and a consensus price target 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.