Wellington Shields Capital Management LLC Has $83,000 Holdings in Generac Holdings Inc. (NYSE:GNRC)

Wellington Shields Capital Management LLC raised its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 42.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 535 shares of the technology company’s stock after acquiring an additional 160 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Generac were worth $83,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its stake in shares of Generac by 5.0% in the 3rd quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock valued at $11,324,000 after acquiring an additional 3,426 shares during the last quarter. Sigma Planning Corp bought a new stake in shares of Generac in the 3rd quarter valued at about $207,000. Apollon Wealth Management LLC bought a new stake in shares of Generac in the 3rd quarter valued at about $202,000. Aigen Investment Management LP bought a new stake in shares of Generac in the 3rd quarter valued at about $358,000. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Generac by 181.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,650 shares of the technology company’s stock valued at $1,692,000 after acquiring an additional 6,872 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GNRC has been the subject of a number of research reports. Robert W. Baird lowered their target price on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. UBS Group increased their target price on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Stifel Nicolaus lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Truist Financial lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group lowered their target price on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $174.00.

Generac Trading Up 2.1 %

NYSE GNRC opened at $130.41 on Friday. The company has a market cap of $7.77 billion, a PE ratio of 24.15, a PEG ratio of 1.44 and a beta of 1.50. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 12 month low of $110.35 and a 12 month high of $195.94. The stock has a 50 day moving average of $146.05 and a 200-day moving average of $158.77.

Generac (NYSE:GNRC) last released 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%. On average, equities research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

About Generac

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.