Modus Advisors LLC Purchases Shares of 175 Generac Holdings Inc. (NYSE:GNRC)

Modus Advisors LLC acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, HoldingsChannel reports. The fund acquired 175 shares of the technology company’s stock, valued at approximately $27,000.

A number of other hedge funds have also made changes to their positions in the business. Versant Capital Management Inc boosted its holdings in Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Generac in the 3rd quarter valued at $31,000. SouthState Corp acquired a new stake in Generac during the 3rd quarter worth $32,000. Sunbelt Securities Inc. lifted its position in Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Generac by 73.5% in the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after acquiring an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

Shares of GNRC opened at $158.88 on Friday. 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 52-week low of $108.89 and a 52-week high of $195.94. The company has a 50-day simple moving average of $173.81 and a 200-day simple moving average of $158.96. The company has a market capitalization of $9.45 billion, a PE ratio of 32.96, a P/E/G ratio of 2.04 and a beta of 1.39.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GNRC shares. JPMorgan Chase & Co. lifted their target price on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. TD Cowen boosted their price objective on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group raised their target price on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Truist Financial upped their price target on shares of Generac from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus raised their price objective on shares of Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One research 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, Generac has a consensus rating of “Moderate Buy” and an average target price of $175.30.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the transaction, the chief executive officer now owns 570,825 shares in the company, valued at approximately $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO York A. Ragen sold 29,081 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the completion of the sale, the chief financial officer now 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,268 shares of company stock worth $7,577,703. 2.90% of the stock is owned by corporate insiders.

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.