Generac Holdings Inc. (NYSE:GNRC) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 8.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,173 shares of the technology company’s stock after acquiring an additional 165 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Generac were worth $337,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sunbelt Securities Inc. grew its position in Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Modus Advisors LLC bought a new position in shares of Generac in the fourth quarter valued at approximately $27,000. Versant Capital Management Inc increased its stake 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 acquiring an additional 145 shares during the period. Cranbrook Wealth Management LLC bought a new stake in Generac during the fourth quarter worth approximately $28,000. Finally, Brooklyn Investment Group acquired a new stake in Generac in the third quarter worth approximately $31,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler lifted their price target on Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Barclays assumed coverage on shares of Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. Roth Mkm lifted their price objective on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group increased their target price on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Citigroup decreased their price target 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $174.30.

Generac Price Performance

NYSE GNRC opened at $148.01 on Thursday. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The company has a fifty day simple moving average of $166.18 and a 200 day simple moving average of $161.49. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The company has a market cap of $8.81 billion, a P/E ratio of 30.71, a P/E/G ratio of 1.60 and a beta of 1.42.

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

Insider Buying and Selling

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the transaction, the executive vice president now owns 10,738 shares in the company, valued at approximately $1,971,282.04. The trade was a 22.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the sale, the chief executive officer now owns 557,177 shares of the company’s stock, valued at approximately $92,825,688.20. The trade was a 0.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,268 shares of company stock valued at $7,577,703. Insiders own 2.90% of the company’s stock.

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.