Diversified Trust Co Takes Position in Generac Holdings Inc. (NYSE:GNRC)

Diversified Trust Co acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,078 shares of the technology company’s stock, valued at approximately $322,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GNRC. William Blair Investment Management LLC bought a new stake in shares of Generac during the second quarter worth $98,282,000. The Manufacturers Life Insurance Company boosted its stake in Generac by 114.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after purchasing an additional 299,205 shares during the period. Jennison Associates LLC bought a new position in Generac during the 3rd quarter worth about $45,722,000. International Assets Investment Management LLC raised its stake in shares of Generac by 25,311.7% in the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock valued at $42,433,000 after purchasing an additional 266,026 shares during the period. Finally, Stephens Investment Management Group LLC lifted its holdings in shares of Generac by 678.5% in the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock valued at $30,560,000 after purchasing an additional 167,641 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s 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 sale, the chief executive officer now directly owns 557,177 shares in the company, valued at $92,825,688.20. The trade was a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO York A. Ragen sold 29,081 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 135,613 shares in the company, valued at $25,051,789.49. The trade was 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 worth $7,577,703. Insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of research reports. Truist Financial increased their price objective on Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. lifted their price objective on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Stifel Nicolaus increased their target price on shares of Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Barclays initiated coverage on shares of Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.80.

Generac Stock Performance

GNRC opened at $157.44 on Friday. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 2.04 and a beta of 1.42. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The business has a 50 day moving average of $173.11 and a 200-day moving average of $159.69.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.27. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.64 EPS. On average, equities research analysts expect that Generac Holdings Inc. will post 6.84 earnings per share for the current 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.