Versant Capital Management Inc Has $28,000 Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Versant Capital Management Inc lifted its holdings in Generac Holdings Inc. (NYSE:GNRC) by 391.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 182 shares of the technology company’s stock after acquiring an additional 145 shares during the period. Versant Capital Management Inc’s holdings in Generac were worth $28,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of GNRC. Raymond James Trust N.A. grew its holdings in shares of Generac by 52.8% during the 3rd quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock worth $541,000 after purchasing an additional 1,177 shares in the last quarter. Willis Investment Counsel lifted its position in Generac by 18.7% during the third quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock worth $16,684,000 after purchasing an additional 16,541 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Generac by 85.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock worth $928,000 after buying an additional 3,244 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Generac by 5.0% in the 3rd quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock valued at $11,324,000 after buying an additional 3,426 shares during the period. Finally, Glenmede Trust Co. NA lifted its holdings in shares of Generac by 54.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 11,984 shares of the technology company’s stock worth $1,904,000 after acquiring an additional 4,209 shares during the period. 84.04% of the stock is owned by institutional investors.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $166.60, for a total value 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. This trade represents a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the transaction, the executive vice president now directly owns 10,738 shares in the company, valued at $1,971,282.04. The trade was a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock valued at $7,577,703 in the last quarter. 2.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GNRC. TD Cowen lifted 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 boosted their price target on Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. The Goldman Sachs Group raised their price objective on Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Truist Financial increased their target price on shares of Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Roth Mkm lifted their price target on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $175.30.

Generac Trading Up 0.6 %

GNRC opened at $160.98 on Wednesday. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94. The company has a fifty day moving average of $173.61 and a 200-day moving average of $159.57. The stock has a market cap of $9.58 billion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 2.04 and a beta of 1.42. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company posted $1.64 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts predict that Generac Holdings Inc. will post 6.84 EPS for the current 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.