13,209 Shares in Generac Holdings Inc. $GNRC Acquired by Econ Financial Services Corp

Econ Financial Services Corp bought a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,209 shares of the technology company’s stock, valued at approximately $1,801,000.

Several other hedge funds have also recently added to or reduced their stakes in GNRC. Caitong International Asset Management Co. Ltd acquired a new position in shares of Generac in the 3rd quarter worth approximately $26,000. Sentry Investment Management LLC raised its stake in Generac by 69.8% during the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after buying an additional 67 shares during the last quarter. First Horizon Corp bought a new position in Generac during the third quarter worth $28,000. MUFG Securities EMEA plc acquired a new position in Generac in the second quarter valued at $25,000. Finally, Quent Capital LLC acquired a new position in Generac in the third quarter valued at $41,000. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

In other news, CFO York A. Ragen sold 24,362 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the sale, the chief financial officer directly owned 137,182 shares of the company’s stock, valued at $32,321,451.02. This represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price target for the company in a report on Monday, December 8th. TD Cowen upped their target price on Generac from $220.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Guggenheim reaffirmed a “neutral” rating and set a $202.00 target price on shares of Generac in a research note on Tuesday, February 10th. Stifel Nicolaus set a $235.00 target price on Generac in a report on Thursday, February 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Generac in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and an average target price of $228.47.

Generac Stock Up 5.1%

Generac stock opened at $194.94 on Wednesday. The firm has a market capitalization of $11.44 billion, a price-to-earnings ratio of 72.74, a price-to-earnings-growth ratio of 1.32 and a beta of 1.74. The firm’s fifty day moving average price is $201.91 and its two-hundred day moving average price is $175.70. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $241.09. The company has a current ratio of 2.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, February 11th. The technology company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.20). Generac had a return on equity of 14.55% and a net margin of 3.79%.The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm earned $2.80 earnings per share. The company’s revenue was down 11.6% on a year-over-year basis. On average, equities research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

About Generac

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.