Equitable Trust Co. Makes New $266,000 Investment in Generac Holdings Inc. (NYSE:GNRC)

Equitable Trust Co. bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,058 shares of the technology company’s stock, valued at approximately $266,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GNRC. Bartlett & Co. LLC acquired a new position in shares of Generac during the 3rd quarter worth approximately $26,000. Headlands Technologies LLC acquired a new stake in shares of Generac during the 3rd quarter worth approximately $28,000. BKM Wealth Management LLC acquired a new stake in shares of Generac during the 4th quarter worth approximately $28,000. Castleview Partners LLC acquired a new stake in shares of Generac during the 1st quarter worth approximately $30,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Generac during the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Guggenheim lowered shares of Generac from a “buy” rating to a “neutral” rating in a research report on Thursday, February 15th. OTR Global raised shares of Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. Canaccord Genuity Group increased their price objective on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday. UBS Group dropped their price objective on shares of Generac from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Finally, Robert W. Baird increased their price objective on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and an average price target of $140.80.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $126.94, for a total value of $634,700.00. Following the sale, the chief executive officer now owns 592,177 shares of the company’s stock, valued at $75,170,948.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Generac Stock Up 0.8 %

Shares of NYSE GNRC opened at $135.51 on Tuesday. The stock has a market capitalization of $8.17 billion, a P/E ratio of 41.19, a P/E/G ratio of 1.77 and a beta of 1.45. The company has a 50-day moving average price of $118.63 and a 200-day moving average price of $114.32. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $156.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.27 and a quick ratio of 0.94.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the firm posted $1.78 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities research analysts forecast that Generac Holdings Inc. will post 6.31 EPS for the current fiscal year.

Generac 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.