Generac Holdings Inc. (NYSE:GNRC) Shares Purchased by Nwam LLC

Nwam LLC increased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 230.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,875 shares of the technology company’s stock after purchasing an additional 5,495 shares during the period. Nwam LLC’s holdings in Generac were worth $1,221,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GNRC. Modus Advisors LLC purchased a new stake in shares of Generac in the 4th quarter valued at approximately $27,000. Versant Capital Management Inc lifted 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 acquiring an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC purchased a new position in Generac in the fourth quarter worth approximately $28,000. Brooklyn Investment Group acquired a new stake in Generac during the third quarter worth $31,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Generac in the fourth quarter valued at $31,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s 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 completion of the sale, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.90% of the company’s stock.

Generac Stock Down 1.9 %

Shares of Generac stock opened at $136.45 on Friday. 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 52-week low of $109.90 and a 52-week high of $195.94. The company has a market capitalization of $8.13 billion, a P/E ratio of 25.27, a P/E/G ratio of 1.44 and a beta of 1.42. The company has a 50 day moving average of $151.80 and a 200 day moving average of $160.41.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. As a group, research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GNRC. Stifel Nicolaus lowered their price target 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 for the company in a research note on Thursday, February 13th. Citigroup reduced their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird lowered their price objective on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Finally, UBS Group boosted their target price on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.00.

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.