Wellington Shields Capital Management LLC Has $83,000 Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Wellington Shields Capital Management LLC lifted its position in Generac Holdings Inc. (NYSE:GNRC) by 42.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 535 shares of the technology company’s stock after buying an additional 160 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Generac were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of GNRC. Modus Advisors LLC acquired a new stake in shares of Generac in the fourth quarter worth $27,000. Versant Capital Management Inc increased 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 worth $28,000 after acquiring an additional 145 shares during the period. Cranbrook Wealth Management LLC bought a new position in Generac during the fourth quarter worth $28,000. Brooklyn Investment Group bought a new position in Generac during the third quarter worth $31,000. Finally, Bank of Jackson Hole Trust bought a new position in Generac during the fourth quarter worth $31,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Stock Up 2.1 %

Shares of NYSE:GNRC opened at $130.41 on Friday. The company’s fifty day moving average is $146.05 and its 200-day moving average is $158.77. The company has a market capitalization of $7.77 billion, a PE ratio of 24.15, a P/E/G ratio of 1.44 and a beta of 1.50. 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 Holdings Inc. has a 52 week low of $110.35 and a 52 week high of $195.94.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) 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 research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the transaction, the chief executive officer now directly owns 570,825 shares in the company, valued at approximately $89,904,937.50. This represents a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GNRC has been the topic of a number of research reports. Citigroup dropped their target price 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. Truist Financial dropped their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus dropped their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Wells Fargo & Company lowered their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Finally, Barclays started coverage on shares of Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $174.00.

About Generac

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.