Atria Investments Inc Increases Holdings in Generac Holdings Inc. (NYSE:GNRC)

Atria Investments Inc raised its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,828 shares of the technology company’s stock after buying an additional 453 shares during the quarter. Atria Investments Inc’s holdings in Generac were worth $438,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Modus Advisors LLC purchased a new position in Generac during the fourth quarter valued at $27,000. Versant Capital Management Inc raised its stake in 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 buying an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC purchased a new position in Generac during the fourth quarter valued at $28,000. Brooklyn Investment Group purchased a new position in Generac during the third quarter valued at $31,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Generac in the 4th quarter worth $31,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

NYSE:GNRC opened at $130.41 on Friday. The stock has a 50-day simple moving average of $146.05 and a two-hundred day simple moving average of $158.79. Generac Holdings Inc. has a 52-week low of $110.86 and a 52-week high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The firm has a market capitalization of $7.77 billion, a PE ratio of 24.15, a P/E/G ratio of 1.44 and a beta of 1.50.

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

Wall Street Analyst Weigh In

A number of analysts have commented on GNRC shares. Citigroup reduced their target price on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Piper Sandler reduced their target price on Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Robert W. Baird reduced their target price on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Truist Financial reduced their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Barclays initiated coverage on Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price for the company. 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.00.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was 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 in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.90% of the company’s stock.

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.