Hanson & Doremus Investment Management Boosts Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Hanson & Doremus Investment Management boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,034 shares of the technology company’s stock after purchasing an additional 120 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Generac were worth $470,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Smith Group Asset Management LLC bought a new position in shares of Generac during the 4th quarter valued at approximately $440,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Generac by 498.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 126,121 shares of the technology company’s stock valued at $19,555,000 after acquiring an additional 105,063 shares during the period. Lebenthal Global Advisors LLC bought a new stake in shares of Generac in the 4th quarter worth about $330,000. Pacer Advisors Inc. boosted its stake in shares of Generac by 18.2% during the 4th quarter. Pacer Advisors Inc. now owns 5,404 shares of the technology company’s stock worth $838,000 after purchasing an additional 834 shares during the period. Finally, KBC Group NV raised its position in Generac by 58.8% in the 4th quarter. KBC Group NV now owns 2,557 shares of the technology company’s stock worth $396,000 after purchasing an additional 947 shares during the period. Institutional investors own 84.04% of the company’s stock.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the transaction, the chief executive officer now owns 570,825 shares in the company, valued at $89,904,937.50. This represents a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business’s stock in a transaction that occurred on 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. This trade represents a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock worth $7,577,703 in the last ninety days. Company insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of analyst reports. TD Cowen upped their target price on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Roth Mkm increased their target price on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Citigroup lowered their target price on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Barclays assumed coverage on shares of Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. Finally, Truist Financial dropped their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. One investment 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 MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and a consensus price target of $174.30.

Generac Stock Down 0.8 %

Generac stock opened at $148.01 on Thursday. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 1.60 and a beta of 1.42. The business’s 50-day moving average price is $166.18 and its 200 day moving average price is $161.49. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last posted its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the firm earned $1.64 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 6.91 earnings per share for the current 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.