Cerity Partners LLC Has $6.44 Million Position in Generac Holdings Inc. (NYSE:GNRC)

Cerity Partners LLC increased its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 659.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,804 shares of the technology company's stock after buying an additional 43,249 shares during the quarter. Cerity Partners LLC owned about 0.08% of Generac worth $6,437,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bartlett & Co. LLC purchased a new stake in Generac in the third quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new stake in shares of Generac during the third quarter worth $28,000. BKM Wealth Management LLC purchased a new stake in shares of Generac during the fourth quarter worth $28,000. Castleview Partners LLC acquired a new position in shares of Generac during the first quarter worth $30,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Generac during the first quarter worth $35,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $115.22, for a total transaction of $576,100.00. Following the sale, the chief executive officer now owns 577,690 shares in the company, valued at $66,561,441.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is owned by company insiders.

Generac Price Performance

Shares of GNRC stock traded up $0.58 during trading hours on Tuesday, hitting $129.09. The company's stock had a trading volume of 929,531 shares, compared to its average volume of 1,019,564. The business has a fifty day moving average of $120.60 and a 200-day moving average of $115.29. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 39.24, a P/E/G ratio of 1.74 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 current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business posted $1.78 EPS. The firm's revenue was up 1.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 6.3 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Robert W. Baird boosted their target price on shares of Generac from $112.00 to $129.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. Canaccord Genuity Group upped their price objective on shares of Generac from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, April 5th. Roth Mkm increased their target price on shares of Generac from $105.00 to $118.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 6th. TD Cowen decreased their target price on shares of Generac from $165.00 to $144.00 and set an "outperform" rating for the company in a research note on Thursday, February 15th. Finally, OTR Global upgraded shares of Generac from a "mixed" rating to a "positive" rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Generac presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.80.

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.