806 Shares in Generac Holdings Inc. (NYSE:GNRC) Acquired by Centaurus Financial Inc.

Centaurus Financial Inc. bought a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 806 shares of the technology company’s stock, valued at approximately $104,000.

Other large investors have also recently added to or reduced their stakes in the company. Ariel Investments LLC increased its position in shares of Generac by 14.9% during the 3rd quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock valued at $219,047,000 after purchasing an additional 261,050 shares during the period. Invesco Ltd. increased its position in shares of Generac by 9.9% during the 3rd quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock valued at $177,956,000 after purchasing an additional 147,523 shares during the period. Capital World Investors acquired a new position in shares of Generac during the 4th quarter valued at $155,707,000. Northern Trust Corp increased its position in shares of Generac by 9.0% during the 3rd quarter. Northern Trust Corp now owns 673,384 shares of the technology company’s stock valued at $73,372,000 after purchasing an additional 55,812 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Generac by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 665,629 shares of the technology company’s stock valued at $86,026,000 after purchasing an additional 15,490 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Price Performance

GNRC opened at $138.88 on Thursday. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of 38.26, a PEG ratio of 1.85 and a beta of 1.44. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $156.95. The company has a current ratio of 2.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average price of $139.60 and a 200 day moving average price of $127.45.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. The firm had revenue of $889.27 million during the quarter, compared to analysts’ expectations of $886.60 million. Generac had a return on equity of 14.68% and a net margin of 5.68%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 earnings per share. Analysts forecast that Generac Holdings Inc. will post 6.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GNRC. Canaccord Genuity Group lifted their target price on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, April 5th. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. Guggenheim cut Generac from a “neutral” rating to a “sell” rating and set a $120.00 target price on the stock. in a report on Thursday, May 30th. Canaccord Genuity Group lifted their target price on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Truist Financial lifted their target price on Generac from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Generac presently has a consensus rating of “Hold” and an average target price of $141.67.

Insider Activity at Generac

In other Generac news, insider Patrick John Forsythe sold 65,855 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of the sale, the insider now owns 19,815 shares of the company’s stock, valued at $2,889,027. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Generac news, EVP Erik Wilde sold 4,384 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $154.04, for a total value of $675,311.36. Following the completion of the sale, the executive vice president now owns 17,897 shares of the company’s stock, valued at $2,756,853.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Patrick John Forsythe sold 65,855 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of the sale, the insider now directly owns 19,815 shares of the company’s stock, valued at approximately $2,889,027. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,785 shares of company stock valued at $11,688,161. Insiders own 2.80% of the company’s stock.

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.