Nisa Investment Advisors LLC Acquires 165 Shares of Generac Holdings Inc. (NYSE:GNRC)

Nisa Investment Advisors LLC increased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,173 shares of the technology company’s stock after acquiring an additional 165 shares during the period. Nisa Investment Advisors LLC’s holdings in Generac were worth $337,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GNRC. Modus Advisors LLC acquired a new stake in Generac during the fourth quarter valued at approximately $27,000. Cranbrook Wealth Management LLC bought a new position in shares of Generac during the 4th quarter worth approximately $28,000. Versant Capital Management Inc lifted its position in shares of Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after buying an additional 145 shares during the period. Brooklyn Investment Group acquired a new stake in Generac in the 3rd quarter valued at $31,000. Finally, SouthState Corp bought a new stake in Generac in the third quarter valued at $32,000. Institutional investors own 84.04% of the company’s stock.

Generac Stock Down 0.8 %

NYSE:GNRC opened at $148.01 on Thursday. 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 Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The stock’s fifty day simple moving average is $166.18 and its 200-day simple moving average is $161.49. The firm has a market capitalization of $8.81 billion, a P/E ratio of 30.71, a P/E/G ratio of 1.60 and a beta of 1.42.

Generac (NYSE:GNRC) last issued its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.64 earnings per share. Equities research analysts expect that Generac Holdings Inc. will post 6.91 earnings per share for the current year.

Insider Activity at Generac

In other Generac news, CFO York A. Ragen sold 29,081 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the sale, the chief financial officer now directly owns 135,613 shares in the company, valued at $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $166.60, for a total value of $833,000.00. Following the transaction, the chief executive officer now owns 557,177 shares in the company, valued at $92,825,688.20. This trade represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock worth $7,577,703 in the last ninety days. Company insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on GNRC shares. JPMorgan Chase & Co. boosted their target price on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. TD Cowen boosted their price target on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Truist Financial dropped their price objective 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. Stifel Nicolaus lifted their target price on shares of Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Robert W. Baird decreased their price target on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Generac has an average rating of “Moderate Buy” and a consensus price target of $174.30.

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.