Kovitz Investment Group Partners LLC Purchases 6,932 Shares of Generac Holdings Inc. (NYSE:GNRC)

Kovitz Investment Group Partners LLC grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 18.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,096 shares of the technology company's stock after buying an additional 6,932 shares during the quarter. Kovitz Investment Group Partners LLC owned 0.08% of Generac worth $6,992,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GNRC. MetLife Investment Management LLC boosted its holdings in shares of Generac by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock worth $2,636,000 after purchasing an additional 77 shares in the last quarter. Allworth Financial LP grew its position in Generac by 3.0% during the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock valued at $435,000 after acquiring an additional 80 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Generac by 42.0% during the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock worth $44,000 after acquiring an additional 84 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of Generac by 3.9% in the 4th quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company's stock worth $347,000 after acquiring an additional 84 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Generac by 61.7% in the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock valued at $35,000 after purchasing an additional 87 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of recent analyst reports. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Piper Sandler reduced their price target on Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company dropped their price objective on Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. UBS Group boosted their target price on Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus 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, February 13th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $173.40.

Insider Activity at Generac

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

Generac Stock Performance

Shares of GNRC stock traded up $1.28 during mid-day trading on Wednesday, reaching $114.52. 1,575,651 shares of the company's stock traded hands, compared to its average volume of 865,399. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $195.94. The firm has a 50 day moving average price of $123.54 and a two-hundred day moving average price of $150.83. The firm has a market capitalization of $6.83 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, beating 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 firm had revenue of $942.12 million for the quarter, compared to analysts' expectations of $921.78 million. During the same period in the previous year, the firm earned $0.88 EPS. The business's quarterly revenue was up 5.9% on a year-over-year basis. On average, research 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.