Sanctuary Advisors LLC Raises Position in Generac Holdings Inc. (NYSE:GNRC)

Sanctuary Advisors LLC raised its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 14.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,155 shares of the technology company’s stock after buying an additional 1,366 shares during the quarter. Sanctuary Advisors LLC’s holdings in Generac were worth $1,698,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC increased its position in shares of Generac by 133.6% in the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after purchasing an additional 384,434 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Generac by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after purchasing an additional 299,205 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its stake in Generac by 5.6% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company’s stock worth $61,262,000 after buying an additional 20,576 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Generac by 25,311.7% in the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock worth $42,433,000 after buying an additional 266,026 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its position in shares of Generac by 25.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 241,114 shares of the technology company’s stock valued at $37,385,000 after buying an additional 48,765 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Generac Stock Performance

NYSE:GNRC opened at $138.33 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94. The stock has a market cap of $8.25 billion, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The firm’s fifty day simple moving average is $152.70 and its 200 day simple moving average is $160.60.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. As a group, research analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Ratings Changes

GNRC has been the topic of a number of research analyst reports. Barclays initiated coverage on Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price on the stock. UBS Group increased their price objective on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Citigroup dropped their target price on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Truist Financial decreased their price target 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. Finally, Stifel Nicolaus cut their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and a consensus target price of $174.00.

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.