Venturi Wealth Management LLC Boosts Position in Generac Holdings Inc. (NYSE:GNRC)

Venturi Wealth Management LLC raised its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 42.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 284 shares of the technology company’s stock after buying an additional 84 shares during the quarter. Venturi Wealth Management LLC’s holdings in Generac were worth $44,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Jennison Associates LLC grew its holdings in shares of Generac by 133.6% during 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 in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Generac by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after purchasing an additional 299,205 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in shares of Generac by 5.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company’s stock worth $61,262,000 after purchasing an additional 20,576 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Generac by 25.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 241,114 shares of the technology company’s stock worth $37,385,000 after purchasing an additional 48,765 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Generac by 41.4% during the third quarter. Barclays PLC now owns 185,193 shares of the technology company’s stock worth $29,425,000 after purchasing an additional 54,202 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on GNRC shares. Stifel Nicolaus cut their price objective on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Robert W. Baird dropped their target price on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Barclays started coverage on Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price for the company. The Goldman Sachs Group dropped their target price on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Finally, Truist Financial dropped their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $174.00.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the transaction, the chief executive officer now owns 570,825 shares in the company, valued at $89,904,937.50. The trade was a 0.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.90% of the stock is owned by company insiders.

Generac Price Performance

GNRC stock opened at $138.71 on Wednesday. The firm has a 50 day moving average of $152.17 and a 200-day moving average of $160.56. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates 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, equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

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.