Calamos Advisors LLC Boosts Holdings in Generac Holdings Inc. (NYSE:GNRC)

Calamos Advisors LLC lifted its holdings in Generac Holdings Inc. (NYSE:GNRC) by 1.6% in the fourth quarter, HoldingsChannel reports. The fund owned 59,675 shares of the technology company’s stock after buying an additional 930 shares during the period. Calamos Advisors LLC’s holdings in Generac were worth $9,253,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Raymond James Trust N.A. grew its holdings in shares of Generac by 52.8% in the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock worth $541,000 after purchasing an additional 1,177 shares during the last quarter. Willis Investment Counsel boosted its position in Generac by 18.7% during the 3rd quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock valued at $16,684,000 after buying an additional 16,541 shares during the period. Nordea Investment Management AB bought a new stake in Generac in the 4th quarter worth $5,229,000. Global Financial Private Client LLC purchased a new position in shares of Generac in the fourth quarter valued at about $614,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Generac by 85.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock valued at $928,000 after acquiring an additional 3,244 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 570,825 shares in the company, valued at $89,904,937.50. The trade was a 0.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.90% of the company’s stock.

Generac Stock Down 1.6 %

GNRC stock opened at $142.30 on Wednesday. The business has a 50 day moving average of $162.81 and a 200 day moving average of $161.23. The firm has a market cap of $8.47 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 1.51 and a beta of 1.42. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GNRC shares. 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 report on Friday, November 1st. Piper Sandler boosted their target price on Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. The Goldman Sachs Group raised their price target on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Finally, Barclays started coverage on shares of Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price for the company. One 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. According to data from MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and a consensus price target of $174.30.

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.