Generac Holdings Inc. (NYSE:GNRC) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its stake in Generac Holdings Inc. (NYSE:GNRC) by 323.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,960 shares of the technology company’s stock after purchasing an additional 6,843 shares during the period. Crossmark Global Holdings Inc.’s holdings in Generac were worth $1,389,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GNRC. Sunbelt Securities Inc. lifted its position in Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Modus Advisors LLC acquired a new stake in Generac during the 4th quarter valued at $27,000. Versant Capital Management Inc grew its holdings in Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC purchased a new stake in Generac during the 4th quarter worth $28,000. Finally, Brooklyn Investment Group acquired a new position in Generac in the 3rd quarter worth $31,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Activity

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the sale, the executive vice president now owns 10,738 shares in the company, valued at $1,971,282.04. This represents a 22.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $166.60, for a total value of $833,000.00. Following the transaction, the chief executive officer now directly owns 557,177 shares in the company, valued at approximately $92,825,688.20. The trade was a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,268 shares of company stock worth $7,577,703 over the last three months. Corporate insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GNRC. The Goldman Sachs Group raised their target price on Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, November 1st. TD Cowen raised their price objective on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Robert W. Baird cut their target price on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus raised their price target on shares of Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Citigroup cut their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $174.30.

Generac Stock Performance

Shares of GNRC stock opened at $157.40 on Friday. The business has a 50 day simple moving average of $167.98 and a 200 day simple moving average of $161.30. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 1.60 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.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping 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 net margin of 7.17% and a return on equity of 16.70%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.64 earnings per share. On average, equities research analysts anticipate that Generac Holdings Inc. will post 6.91 EPS for the current year.

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.