Oppenheimer & Co. Inc. Acquires 306 Shares of Generac Holdings Inc. (NYSE:GNRC)

Oppenheimer & Co. Inc. increased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 0.7% during the fourth quarter, HoldingsChannel reports. The fund owned 45,080 shares of the technology company’s stock after acquiring an additional 306 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Generac were worth $6,990,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Modus Advisors LLC purchased a new stake in shares of Generac in the fourth quarter worth approximately $27,000. Versant Capital Management Inc boosted 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 valued at $28,000 after buying an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC bought a new stake in Generac during the fourth quarter worth $28,000. Brooklyn Investment Group purchased a new stake in Generac in the 3rd quarter valued at $31,000. Finally, Bank of Jackson Hole Trust bought a new position in Generac during the 4th quarter valued at $31,000. Institutional investors own 84.04% of the company’s stock.

Insider Activity 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 value of $725,750.00. Following the completion of the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. This trade represents a 0.88 % 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. 2.90% of the stock is currently owned by corporate insiders.

Generac Stock Performance

NYSE GNRC opened at $136.45 on Friday. The firm has a market cap of $8.13 billion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $151.80 and its 200-day moving average is $160.41. Generac Holdings Inc. has a 12-month low of $109.90 and a 12-month high of $195.94.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. TD Cowen increased their price objective on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Piper Sandler dropped their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group reduced their target price on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, UBS Group lifted their price target on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Generac has an average rating of “Moderate Buy” and a consensus target price of $174.00.

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.