Modus Advisors LLC Takes $27,000 Position in Generac Holdings Inc. (NYSE:GNRC)

Modus Advisors LLC purchased a new position in Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 175 shares of the technology company’s stock, valued at approximately $27,000.

A number of other hedge funds also recently bought and sold shares of GNRC. Empirical Finance LLC raised its stake in shares of Generac by 4.1% during the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock worth $268,000 after buying an additional 66 shares during the period. Johnson Investment Counsel Inc. lifted its holdings in Generac by 0.3% during the second quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock valued at $2,981,000 after purchasing an additional 75 shares in the last quarter. Nicollet Investment Management Inc. grew its position in shares of Generac by 1.1% in the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock valued at $1,250,000 after purchasing an additional 82 shares during the period. Mather Group LLC. increased its stake in shares of Generac by 6.5% during the third quarter. Mather Group LLC. now owns 1,528 shares of the technology company’s stock worth $243,000 after purchasing an additional 93 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after purchasing an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Friday, November 1st. The stock was sold at an average price of $166.60, for a total value of $833,000.00. Following the completion of the transaction, the chief executive officer now directly owns 557,177 shares in the company, valued at approximately $92,825,688.20. This trade represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO York A. Ragen sold 29,081 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the sale, the chief financial officer now owns 135,613 shares in the company, valued at approximately $25,051,789.49. This trade represents a 17.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,268 shares of company stock valued at $7,577,703. Corporate insiders own 2.90% of the company’s stock.

Generac Price Performance

Shares of GNRC opened at $158.88 on Friday. The firm has a 50-day simple moving average of $173.81 and a two-hundred day simple moving average of $158.96. The stock has a market cap 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 Holdings Inc. has a 1-year low of $108.89 and a 1-year high of $195.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96.

Generac (NYSE:GNRC) last announced its 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. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the company earned $1.64 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, analysts forecast that Generac Holdings Inc. will post 6.84 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Robert W. Baird lowered their price objective on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Piper Sandler boosted their price target on Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Truist Financial raised their price objective on Generac from $170.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Stifel Nicolaus increased their target price on shares of Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. One 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $175.30.

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.