Merit Financial Group LLC Has $303,000 Stake in Generac Holdings Inc. (NYSE:GNRC)

Merit Financial Group LLC reduced its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 16.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,342 shares of the technology company’s stock after selling 476 shares during the quarter. Merit Financial Group LLC’s holdings in Generac were worth $303,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in Generac during the third quarter worth $28,000. BKM Wealth Management LLC bought a new stake in shares of Generac during the 4th quarter worth about $28,000. ORG Partners LLC acquired a new position in Generac in the 4th quarter valued at about $38,000. Operose Advisors LLC bought a new position in Generac in the 3rd quarter valued at about $40,000. Finally, Pinnacle Bancorp Inc. lifted its position in Generac by 89.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company’s stock worth $40,000 after acquiring an additional 147 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on GNRC. Roth Mkm upped their target price on Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. OTR Global raised Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. Oppenheimer lifted their target price on Generac from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Canaccord Genuity Group boosted their target price 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, Robert W. Baird raised their price target on shares of Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $142.40.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $126.94, for a total value of $634,700.00. Following the completion of the transaction, the chief executive officer now directly owns 592,177 shares in the company, valued at $75,170,948.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.80% of the company’s stock.

Generac Trading Up 0.5 %

Shares of GNRC opened at $137.16 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.29. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $156.95. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 37.79, a PEG ratio of 1.82 and a beta of 1.41. The business’s fifty day moving average is $126.02 and its 200-day moving average is $119.13.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The firm had revenue of $889.27 million during the quarter, compared to the consensus estimate of $886.60 million. During the same quarter in the previous year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts anticipate that Generac Holdings Inc. will post 6.1 EPS for the current fiscal 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.