OneAscent Financial Services LLC Takes Position in Generac Holdings Inc. (NYSE:GNRC)

OneAscent Financial Services LLC bought a new position in Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,914 shares of the technology company’s stock, valued at approximately $297,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GNRC. Modus Advisors LLC acquired a new position in Generac in the 4th quarter valued at approximately $27,000. Versant Capital Management Inc boosted its position in Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC acquired a new position in Generac in the 4th quarter worth about $28,000. Bank of Jackson Hole Trust purchased a new stake in shares of Generac during the 4th quarter worth about $31,000. Finally, Spire Wealth Management lifted its holdings in shares of Generac by 203.6% during the 4th quarter. Spire Wealth Management now owns 252 shares of the technology company’s stock valued at $39,000 after buying an additional 169 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Stock Down 3.2 %

Shares of NYSE GNRC opened at $111.97 on Friday. Generac Holdings Inc. has a 1 year low of $105.41 and a 1 year high of $195.94. The firm has a market capitalization of $6.67 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average is $136.90 and its 200-day moving average is $156.90.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the subject of several analyst reports. Bank of America initiated coverage on Generac in a research report on Monday, March 24th. They set a “buy” rating and a $182.00 target price for the company. The Goldman Sachs Group lowered their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Robert W. Baird lowered their price target on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Guggenheim upgraded shares of Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. Finally, Citigroup decreased their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.38.

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.