Stifel Financial Corp Has $9.49 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

Stifel Financial Corp boosted its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 29.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,191 shares of the technology company's stock after buying an additional 13,912 shares during the quarter. Stifel Financial Corp owned approximately 0.10% of Generac worth $9,488,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. lifted its position in Generac by 3.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 17,422 shares of the technology company's stock worth $2,702,000 after buying an additional 548 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Generac by 241.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,541 shares of the technology company's stock worth $859,000 after buying an additional 3,920 shares in the last quarter. Thematics Asset Management lifted its position in Generac by 22.0% in the 4th quarter. Thematics Asset Management now owns 73,177 shares of the technology company's stock worth $11,346,000 after buying an additional 13,177 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Generac by 64.0% during the 4th quarter. MML Investors Services LLC now owns 8,317 shares of the technology company's stock valued at $1,290,000 after purchasing an additional 3,247 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Generac by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock valued at $2,636,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the transaction, the chief executive officer now directly owns 565,825 shares of the company's stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

GNRC has been the topic of a number of recent research reports. Citigroup upgraded shares of Generac from a "neutral" rating to a "buy" rating and cut their price target for the company from $162.00 to $138.00 in a report on Thursday, April 17th. Truist Financial cut their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Piper Sandler cut their price target on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Finally, Canaccord Genuity Group cut their target price on shares of Generac from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Generac presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.14.

Generac Stock Performance

Shares of GNRC stock traded down $1.64 during mid-day trading on Thursday, reaching $112.74. The stock had a trading volume of 1,030,172 shares, compared to its average volume of 862,680. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $195.94. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The firm's 50 day simple moving average is $123.07 and its 200 day simple moving average is $150.58. The firm has a market cap of $6.72 billion, a PE ratio of 20.88, a P/E/G ratio of 1.44 and a beta of 1.58.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.27. Generac had a return on equity of 18.17% and a net margin of 7.36%. The business had revenue of $942.12 million during the quarter, compared to analysts' expectations of $921.78 million. During the same period in the prior year, the firm posted $0.88 EPS. Generac's quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts forecast that Generac Holdings Inc. will post 8 EPS for the current 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.