Truist Financial Corp Buys 847 Shares of Generac Holdings Inc. (NYSE:GNRC)

Truist Financial Corp lifted its stake in Generac Holdings Inc. (NYSE:GNRC) by 6.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,481 shares of the technology company’s stock after acquiring an additional 847 shares during the period. Truist Financial Corp’s holdings in Generac were worth $2,090,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. CIBC Asset Management Inc raised its stake in shares of Generac by 1.4% in the 4th quarter. CIBC Asset Management Inc now owns 8,520 shares of the technology company’s stock valued at $1,321,000 after acquiring an additional 119 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Generac by 14.0% in the fourth quarter. Sanctuary Advisors LLC now owns 11,155 shares of the technology company’s stock valued at $1,698,000 after acquiring an additional 1,366 shares during the period. Principal Financial Group Inc. grew its stake in shares of Generac by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 73,691 shares of the technology company’s stock worth $11,426,000 after acquiring an additional 2,419 shares during the last quarter. James Investment Research Inc. increased its position in Generac by 2.4% during the fourth quarter. James Investment Research Inc. now owns 10,193 shares of the technology company’s stock worth $1,580,000 after acquiring an additional 241 shares during the period. Finally, Secured Retirement Advisors LLC acquired a new position in Generac during the 4th quarter valued at $1,080,000. 84.04% of the stock is owned by institutional investors.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’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 transaction, the chief executive officer now owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on GNRC shares. Stifel Nicolaus reduced their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 13th. UBS Group increased their price target on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company reduced their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. TD Cowen increased their price target on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Truist Financial reduced their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Trading Up 0.3 %

Shares of Generac stock opened at $139.15 on Thursday. The stock has a market capitalization of $8.30 billion, a P/E ratio of 25.77, 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 has a 50-day simple moving average of $152.17 and a 200 day simple moving average of $160.56. Generac Holdings Inc. has a 12-month low of $109.90 and a 12-month high of $195.94.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share 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%. Research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

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.