Union Bancaire Privee UBP SA Buys Shares of 2,390 Generac Holdings Inc. (NYSE:GNRC)

Union Bancaire Privee UBP SA purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,390 shares of the technology company’s stock, valued at approximately $352,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. increased its holdings in Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares during the period. Modus Advisors LLC purchased a new position in shares of Generac during the 4th quarter valued at $27,000. Versant Capital Management Inc increased its holdings in shares of Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after purchasing an additional 145 shares during the period. Cranbrook Wealth Management LLC purchased a new stake in shares of Generac in the fourth quarter worth $28,000. Finally, Brooklyn Investment Group bought a new stake in Generac during the third quarter valued at $31,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Generac

In related news, CFO York A. Ragen sold 29,081 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the transaction, the chief financial officer now owns 135,613 shares in the company, valued at $25,051,789.49. The trade was a 17.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the sale, the chief executive officer now owns 570,825 shares of the company’s stock, valued at $89,904,937.50. This trade represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,268 shares of company stock valued at $7,577,703 in the last 90 days. Insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GNRC shares. Barclays began coverage on Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price on the stock. The Goldman Sachs Group raised their target price on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. raised their price objective on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Roth Mkm upped their target price on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.30.

Generac Stock Down 4.1 %

Shares of NYSE GNRC opened at $148.97 on Wednesday. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 1.60 and a beta of 1.42. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The firm’s fifty day moving average is $166.83 and its 200 day moving average is $161.58. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94.

Generac (NYSE:GNRC) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. 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 earned $1.64 earnings per share. On average, equities research analysts expect that Generac Holdings Inc. will post 6.91 earnings per share for the current year.

About Generac

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.