Schechter Investment Advisors LLC Increases Position in Generac Holdings Inc. (NYSE:GNRC)

Schechter Investment Advisors LLC lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,808 shares of the technology company’s stock after acquiring an additional 907 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Generac were worth $1,366,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Modus Advisors LLC acquired a new position in Generac during the fourth quarter worth about $27,000. Cranbrook Wealth Management LLC acquired a new position in Generac during the fourth quarter worth about $28,000. Versant Capital Management Inc grew its position in Generac by 391.9% during the fourth 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 position in Generac during the third quarter worth about $31,000. Finally, SouthState Corp purchased a new stake in shares of Generac in the third quarter valued at about $32,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Price Performance

GNRC opened at $130.79 on Tuesday. The company has a fifty day simple moving average of $151.00 and a 200 day simple moving average of $160.41. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 1.44 and a beta of 1.42. Generac Holdings Inc. has a twelve month low of $109.90 and a twelve month high of $195.94. 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 (NYSE:GNRC) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating 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%. Equities research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on GNRC shares. Piper Sandler reduced their price objective on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group reduced their price objective on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Barclays initiated coverage on shares of Generac in a research note on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective on the stock. UBS Group upped their price objective on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus reduced their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $174.00.

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.