Cibc World Markets Corp Acquires 2,755 Shares of Generac Holdings Inc. (NYSE:GNRC)

Cibc World Markets Corp boosted its holdings in Generac Holdings Inc. (NYSE:GNRCFree Report) by 80.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,190 shares of the technology company’s stock after buying an additional 2,755 shares during the period. Cibc World Markets Corp’s holdings in Generac were worth $800,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in GNRC. Charles Schwab Investment Management Inc. grew its holdings in shares of Generac by 42.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 650,139 shares of the technology company’s stock worth $70,839,000 after purchasing an additional 194,265 shares in the last quarter. Pathstone Family Office LLC grew its holdings in shares of Generac by 26.2% during the 3rd quarter. Pathstone Family Office LLC now owns 3,853 shares of the technology company’s stock worth $420,000 after purchasing an additional 800 shares in the last quarter. Huntington National Bank grew its holdings in shares of Generac by 749.3% during the 3rd quarter. Huntington National Bank now owns 1,172 shares of the technology company’s stock worth $128,000 after purchasing an additional 1,034 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Generac by 15.4% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,515 shares of the technology company’s stock worth $1,364,000 after purchasing an additional 1,668 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Generac during the 3rd quarter worth approximately $28,000. 84.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GNRC. Guggenheim lowered Generac from a “neutral” rating to a “sell” rating and set a $120.00 price objective on the stock. in a report on Thursday, May 30th. Citigroup lifted their price objective on Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Canaccord Genuity Group boosted their price target on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Truist Financial boosted their price target on Generac from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Robert W. Baird boosted their price target on Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Generac presently has a consensus rating of “Hold” and a consensus target price of $141.05.

View Our Latest Report on GNRC

Generac Trading Up 1.7 %

GNRC stock opened at $140.66 on Tuesday. The company has a market cap of $8.53 billion, a P/E ratio of 38.75, a PEG ratio of 1.89 and a beta of 1.45. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $156.95. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average of $138.95 and a 200-day moving average of $126.43.

Generac (NYSE:GNRCGet Free Report) last released its earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. The company had revenue of $889.27 million during the quarter, compared to the consensus estimate of $886.60 million. Generac had a return on equity of 14.68% and a net margin of 5.68%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 earnings per share. As a group, equities research analysts expect that Generac Holdings Inc. will post 6.08 EPS for the current year.

Insider Transactions at Generac

In other news, insider Patrick John Forsythe sold 65,855 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total transaction of $9,601,659.00. Following the completion of the sale, the insider now owns 19,815 shares in the company, valued at $2,889,027. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total value of $699,750.00. Following the completion of the sale, the chief executive officer now owns 587,177 shares in the company, valued at $82,175,421.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patrick John Forsythe sold 65,855 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of the sale, the insider now owns 19,815 shares of the company’s stock, valued at approximately $2,889,027. The disclosure for this sale can be found here. Insiders sold a total of 80,785 shares of company stock worth $11,688,161 over the last 90 days. 2.80% of the stock is owned by insiders.

Generac Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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