LaFleur & Godfrey LLC Purchases 4,350 Shares of Generac Holdings Inc. (NYSE:GNRC)

LaFleur & Godfrey LLC raised its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,500 shares of the technology company’s stock after purchasing an additional 4,350 shares during the quarter. Generac accounts for about 1.4% of LaFleur & Godfrey LLC’s investment portfolio, making the stock its 22nd largest position. LaFleur & Godfrey LLC owned approximately 0.11% of Generac worth $10,311,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in Generac by 114.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after buying an additional 299,205 shares during the period. Jennison Associates LLC acquired a new stake in Generac in the third quarter worth about $45,722,000. International Assets Investment Management LLC increased its stake in Generac by 25,311.7% during the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock valued at $42,433,000 after purchasing an additional 266,026 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in Generac by 678.5% during the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock worth $30,560,000 after acquiring an additional 167,641 shares during the period. Finally, Hodges Capital Management Inc. raised its position in Generac by 86.9% during the 3rd quarter. Hodges Capital Management Inc. now owns 166,278 shares of the technology company’s stock worth $26,418,000 after buying an additional 77,296 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the transaction, the executive vice president now owns 10,738 shares of the company’s stock, valued at $1,971,282.04. This trade 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 the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the sale, the chief executive officer now owns 570,825 shares in the company, valued at $89,904,937.50. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock valued at $7,577,703 over the last 90 days. Insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Stifel Nicolaus boosted their price objective on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Roth Mkm upped their target price on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group boosted their price target on Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Piper Sandler raised their price target on Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.30.

Generac Price Performance

NYSE GNRC opened at $161.12 on Monday. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The company’s 50 day moving average is $170.92 and its two-hundred day moving average is $160.92. The stock has a market cap of $9.59 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.59 and a beta of 1.42.

Generac (NYSE:GNRC) last released its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS. As a group, research analysts anticipate that Generac Holdings Inc. will post 6.91 earnings per share 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.