806 Shares in Generac Holdings Inc. (NYSE:GNRC) Bought by Centaurus Financial Inc.

Centaurus Financial Inc. acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, Holdings Channel.com reports. The firm acquired 806 shares of the technology company’s stock, valued at approximately $104,000.

Several other hedge funds have also added to or reduced their stakes in GNRC. BKM Wealth Management LLC acquired a new stake in Generac during the 4th quarter worth $28,000. ORG Partners LLC acquired a new stake in shares of Generac in the 4th quarter valued at about $38,000. Quarry LP raised its stake in shares of Generac by 219.6% in the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock valued at $38,000 after purchasing an additional 202 shares during the period. Operose Advisors LLC acquired a new stake in shares of Generac in the 3rd quarter valued at about $40,000. Finally, Pinnacle Bancorp Inc. raised its stake in shares of Generac by 89.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company’s stock valued at $40,000 after purchasing an additional 147 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Trading Up 2.2 %

Generac stock opened at $138.88 on Thursday. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $156.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.29. The stock has a market capitalization of $8.42 billion, a P/E ratio of 38.26, a PEG ratio of 1.85 and a beta of 1.44. The stock has a 50-day simple moving average of $139.60 and a 200 day simple moving average of $127.45.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The company had revenue of $889.27 million during the quarter, compared to analysts’ expectations of $886.60 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The business’s revenue was up .2% on a year-over-year basis. Analysts expect that Generac Holdings Inc. will post 6.14 earnings per share for the current year.

Insider Transactions at Generac

In other news, Director Nam Tran Nguyen sold 546 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $140.55, for a total transaction of $76,740.30. Following the completion of the sale, the director now owns 3,512 shares in the company, valued at $493,611.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Patrick John Forsythe sold 65,855 shares of Generac stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of the sale, the insider now directly owns 19,815 shares in the company, valued at $2,889,027. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Nam Tran Nguyen sold 546 shares of Generac stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $140.55, for a total transaction of $76,740.30. Following the completion of the sale, the director now owns 3,512 shares of the company’s stock, valued at $493,611.60. The disclosure for this sale can be found here. Insiders sold a total of 80,785 shares of company stock worth $11,688,161 over the last quarter. Company insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on GNRC shares. Oppenheimer downgraded Generac from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 22nd. Guggenheim downgraded Generac from a “neutral” rating to a “sell” rating and set a $120.00 price target on the stock. in a research note on Thursday, May 30th. OTR Global raised Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. Truist Financial raised their price objective on Generac from $160.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Finally, Canaccord Genuity Group raised their price objective on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $141.67.

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.