Stratos Wealth Partners LTD. Purchases 470 Shares of Generac Holdings Inc. (NYSE:GNRC)

Stratos Wealth Partners LTD. raised its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,886 shares of the technology company’s stock after acquiring an additional 470 shares during the period. Stratos Wealth Partners LTD.’s holdings in Generac were worth $761,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Bartlett & Co. LLC acquired a new stake in shares of Generac in the third quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new stake in shares of Generac in the third quarter valued at approximately $28,000. BKM Wealth Management LLC acquired a new stake in shares of Generac in the fourth quarter valued at approximately $28,000. Castleview Partners LLC acquired a new stake in shares of Generac in the first quarter valued at approximately $30,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Generac in the first quarter valued at approximately $35,000. Institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

Shares of Generac stock opened at $136.08 on Friday. The company has a quick ratio of 0.94, a current ratio of 2.27 and a debt-to-equity ratio of 0.62. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $156.95. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 41.36, a P/E/G ratio of 1.79 and a beta of 1.45. The company’s fifty day moving average is $120.00 and its 200 day moving average is $114.86.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm earned $1.78 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. Sell-side analysts forecast that Generac Holdings Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

GNRC has been the subject of several research analyst reports. Citigroup boosted their price objective on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. UBS Group lowered their price objective on shares of Generac from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. OTR Global upgraded shares of Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. Canaccord Genuity Group boosted their price objective on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, TD Cowen lowered their price objective on shares of Generac from $165.00 to $144.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $140.80.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $126.94, for a total value of $634,700.00. Following the sale, the chief executive officer now owns 592,177 shares of the company’s stock, valued at $75,170,948.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.80% of the stock is currently owned by insiders.

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.