Burney Co. Has $1.52 Million Position in Generac Holdings Inc. $GNRC

Burney Co. decreased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 47.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,061 shares of the technology company’s stock after selling 8,207 shares during the quarter. Burney Co.’s holdings in Generac were worth $1,517,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB increased its stake in Generac by 81.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock valued at $25,000 after acquiring an additional 77 shares during the period. MUFG Securities EMEA plc bought a new position in Generac during the second quarter worth about $25,000. Creative Capital Management Investments LLC boosted its holdings in Generac by 740.7% during the second quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Legend Financial Advisors Inc. bought a new stake in shares of Generac in the 2nd quarter valued at approximately $36,000. Finally, AdvisorShares Investments LLC acquired a new position in shares of Generac in the 2nd quarter worth approximately $44,000. 84.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a research note on Wednesday, October 8th. Guggenheim cut their price objective on Generac from $210.00 to $202.00 and set a “buy” rating for the company in a report on Thursday, October 9th. Needham & Company LLC began coverage on shares of Generac in a research note on Wednesday, October 22nd. They issued a “buy” rating and a $248.00 target price on the stock. Wells Fargo & Company set a $195.00 target price on shares of Generac in a research report on Friday, December 19th. Finally, Barclays lifted their price target on shares of Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a report on Friday, October 31st. Fifteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $192.11.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $166.43, for a total value of $832,150.00. Following the completion of the transaction, the chief executive officer owned 542,966 shares in the company, valued at $90,365,831.38. The trade was a 0.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Generac Stock Performance

Generac stock opened at $140.81 on Monday. The stock has a 50-day simple moving average of $158.49 and a 200 day simple moving average of $165.32. The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of 26.82, a P/E/G ratio of 1.39 and a beta of 1.82. The company has a quick ratio of 1.02, a current ratio of 2.18 and a debt-to-equity ratio of 0.51. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). Generac had a return on equity of 17.63% and a net margin of 6.92%.The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company earned $2.25 EPS. The firm’s revenue was down 5.0% compared to the same quarter last year. On average, research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Generac Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.