Generac Holdings Inc. $GNRC Stake Raised by Atwood & Palmer Inc.

Key Points

• Atwood & Palmer Inc. raised its Generac stake by 5.4% in Q4 to 157,908 shares (about $21.53M), representing roughly 0.27% of the company.
• Generac missed Q4 estimates with $1.61 EPS and $1.09B revenue (down 11.6% YoY), yet analysts maintain a consensus of "Moderate Buy" with an average price target of $233.94.
• CFO York A. Ragen sold 24,362 shares for about $5.74M, reducing his position by 15.08%, and corporate insiders now own roughly 2.70% of the stock.

Atwood & Palmer Inc. increased its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,908 shares of the technology company's stock after acquiring an additional 8,092 shares during the period. Atwood & Palmer Inc. owned about 0.27% of Generac worth $21,534,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Retirement Planning Co of New England Inc. lifted its stake in Generac by 2.9% in the 4th quarter. Retirement Planning Co of New England Inc. now owns 4,125 shares of the technology company's stock worth $563,000 after acquiring an additional 116 shares in the last quarter. M&T Bank Corp increased its position in Generac by 7,427.4% in the 4th quarter. M&T Bank Corp now owns 239,975 shares of the technology company's stock worth $32,725,000 after purchasing an additional 236,787 shares during the last quarter. Evergreen Capital Management LLC increased its position in Generac by 2.3% in the 4th quarter. Evergreen Capital Management LLC now owns 16,467 shares of the technology company's stock worth $2,246,000 after purchasing an additional 374 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in Generac by 5.3% in the 4th quarter. TD Waterhouse Canada Inc. now owns 18,818 shares of the technology company's stock worth $2,566,000 after purchasing an additional 955 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Generac by 35.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,113 shares of the technology company's stock worth $3,288,000 after purchasing an additional 6,353 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Roth Mkm reaffirmed a "neutral" rating and issued a $220.00 target price on shares of Generac in a research report on Thursday, February 12th. Canaccord Genuity Group upped their target price on Generac from $275.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, April 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Generac in a research report on Thursday, January 22nd. Wells Fargo & Company upped their target price on Generac from $234.00 to $238.00 and gave the stock an "overweight" rating in a research report on Thursday, March 26th. Finally, Stifel Nicolaus set a $235.00 target price on Generac in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $233.94.

Generac Stock Performance

Shares of NYSE GNRC opened at $218.62 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03. The firm has a market cap of $12.83 billion, a price-to-earnings ratio of 81.58, a P/E/G ratio of 2.11 and a beta of 1.78. The business's 50-day simple moving average is $210.85 and its 200-day simple moving average is $179.43. Generac Holdings Inc. has a 52 week low of $109.20 and a 52 week high of $241.09.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 EPS for the quarter, missing analysts' consensus estimates of $1.81 by ($0.20). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 3.79% and a return on equity of 14.55%. The business's revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.80 EPS. As a group, equities research analysts expect that Generac Holdings Inc. will post 8.42 earnings per share for the current fiscal year.

Insider Activity at Generac

In other news, CFO York A. Ragen sold 24,362 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the transaction, the chief financial officer owned 137,182 shares of the company's stock, valued at approximately $32,321,451.02. This represents a 15.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.70% of the company's stock.

About Generac

Generac Holdings Inc NYSE: GNRC is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac's product lineup addresses a broad range of customer needs.

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