Emerald Advisers LLC Invests $209,000 in Generac Holdings Inc. (NYSE:GNRC)

Emerald Advisers LLC bought a new stake in Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, Holdings Channel reports. The institutional investor bought 1,348 shares of the technology company’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GNRC. Raymond James Trust N.A. raised its stake in shares of Generac by 52.8% in the 3rd quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock valued at $541,000 after buying an additional 1,177 shares in the last quarter. Nordea Investment Management AB acquired a new position in Generac in the fourth quarter worth about $5,229,000. Global Financial Private Client LLC bought a new position in Generac during the fourth quarter worth about $614,000. Franklin Resources Inc. lifted its stake in Generac by 106.1% during the third quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock worth $4,998,000 after purchasing an additional 14,811 shares during the period. Finally, Glenmede Trust Co. NA boosted its holdings in Generac by 54.1% during the third quarter. Glenmede Trust Co. NA now owns 11,984 shares of the technology company’s stock valued at $1,904,000 after purchasing an additional 4,209 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on GNRC. UBS Group raised their target price on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. 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. Wells Fargo & Company lowered their target price on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Piper Sandler dropped their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Finally, Barclays assumed coverage on shares of Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $174.00.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is owned by corporate insiders.

Generac Price Performance

Shares of GNRC stock opened at $131.57 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 12 month low of $115.76 and a 12 month high of $195.94. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 1.44 and a beta of 1.50. The stock has a 50-day moving average price of $143.39 and a 200 day moving average price of $158.13.

Generac (NYSE:GNRC) last posted its quarterly earnings results 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%. Research analysts expect that Generac Holdings Inc. will post 8 EPS for the current 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.