Burney Co. Has $2.61 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

Burney Co. trimmed its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 18.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,614 shares of the technology company's stock after selling 4,664 shares during the period. Burney Co.'s holdings in Generac were worth $2,611,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Hurley Capital LLC bought a new position in shares of Generac during the 4th quarter worth approximately $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Generac during the 1st quarter worth approximately $28,000. Quadrant Capital Group LLC grew its stake in shares of Generac by 61.7% during the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock worth $35,000 after acquiring an additional 87 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after acquiring an additional 90 shares in the last quarter. Finally, Ostrum Asset Management bought a new position in shares of Generac during the 4th quarter worth approximately $50,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Price Performance

GNRC stock traded up $3.49 during midday trading on Friday, reaching $156.88. The company had a trading volume of 823,639 shares, compared to its average volume of 867,206. The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 1.42 and a beta of 1.72. The stock has a 50 day moving average price of $136.99 and a 200-day moving average price of $133.93. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.89.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.27. The business had revenue of $942.12 million during the quarter, compared to the consensus estimate of $921.78 million. Generac had a return on equity of 18.90% and a net margin of 7.68%. Generac's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 earnings per share. Equities research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barclays raised their target price on shares of Generac from $164.00 to $170.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Wells Fargo & Company decreased their target price on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Stephens reissued an "overweight" rating and issued a $175.00 target price on shares of Generac in a research note on Tuesday, May 27th. Piper Sandler decreased their target price on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, UBS Group decreased their target price on shares of Generac from $205.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Generac currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.58.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the transaction, the chief executive officer owned 562,966 shares of the company's stock, valued at $80,166,358.40. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by company insiders.

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.