Scott & Selber Inc. Raises Stake in Generac Holdings Inc. $GNRC

Scott & Selber Inc. increased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 14.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 25,393 shares of the technology company’s stock after buying an additional 3,136 shares during the period. Scott & Selber Inc.’s holdings in Generac were worth $3,463,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in Generac during the 3rd quarter valued at approximately $26,000. Sentry Investment Management LLC increased its stake in shares of Generac by 69.8% in the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after acquiring an additional 67 shares during the period. First Horizon Corp purchased a new position in shares of Generac during the third quarter worth $28,000. MUFG Securities EMEA plc purchased a new position in shares of Generac during the second quarter worth $25,000. Finally, Quent Capital LLC acquired a new position in Generac during the third quarter valued at $41,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Stock Up 1.4%

GNRC opened at $202.05 on Tuesday. The company has a fifty day moving average of $197.47 and a two-hundred day moving average of $175.13. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 75.39, a PEG ratio of 1.45 and a beta of 1.74. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $241.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, February 11th. The technology company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.20). Generac had a return on equity of 14.55% and a net margin of 3.79%.The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company earned $2.80 earnings per share. The company’s revenue was down 11.6% compared to the same quarter last year. On average, research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Robert W. Baird set a $292.00 price target on shares of Generac in a report on Thursday, February 12th. Guggenheim reissued a “neutral” rating and issued a $202.00 price objective on shares of Generac in a report on Tuesday, February 10th. Canaccord Genuity Group set a $275.00 target price on Generac in a research note on Thursday, February 12th. Roth Mkm reaffirmed a “neutral” rating and set a $220.00 target price on shares of Generac in a report on Thursday, February 12th. Finally, Bank of America reduced their price target on Generac from $236.00 to $224.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and a consensus price target of $222.06.

Insider Transactions at Generac

In other Generac news, CFO York A. Ragen sold 24,362 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $32,321,451.02. This represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.