Annex Advisory Services LLC Boosts Stake in Generac Holdings Inc. (NYSE:GNRC)

Annex Advisory Services LLC increased its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 26.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,667 shares of the technology company’s stock after buying an additional 19,565 shares during the quarter. Annex Advisory Services LLC owned about 0.16% of Generac worth $14,678,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Herbst Group LLC purchased a new stake in Generac in the fourth quarter valued at $2,077,000. Cranbrook Wealth Management LLC purchased a new position in Generac during the fourth quarter valued at approximately $28,000. Merit Financial Group LLC lifted its holdings in Generac by 18.9% in the fourth quarter. Merit Financial Group LLC now owns 2,192 shares of the technology company’s stock valued at $340,000 after acquiring an additional 349 shares during the period. Carnegie Investment Counsel grew its stake in shares of Generac by 11.2% during the 4th quarter. Carnegie Investment Counsel now owns 28,080 shares of the technology company’s stock worth $4,354,000 after purchasing an additional 2,834 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Generac by 462.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 46,147 shares of the technology company’s stock valued at $7,155,000 after purchasing an additional 37,947 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Barclays assumed coverage on Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target for the company. Stifel Nicolaus raised their price objective on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Citigroup reduced their target price on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Roth Mkm boosted their price target on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One 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. Based on data from MarketBeat, Generac has an average rating of “Moderate Buy” and a consensus price target of $174.30.

Insider Buying and Selling

In other news, CFO York A. Ragen sold 29,081 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the sale, the chief financial officer now directly owns 135,613 shares in the company, valued at $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the transaction, the executive vice president now owns 10,738 shares of the company’s stock, valued at $1,971,282.04. This represents a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,268 shares of company stock valued at $7,577,703. Corporate insiders own 2.90% of the company’s stock.

Generac Trading Up 0.5 %

NYSE GNRC opened at $161.12 on Monday. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $9.59 billion, a P/E ratio of 33.43, a P/E/G ratio of 1.59 and a beta of 1.42. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94. The firm has a 50-day moving average price of $170.92 and a 200 day moving average price of $160.92.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the firm earned $1.64 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts expect that Generac Holdings Inc. will post 6.91 EPS for the current year.

Generac Company 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.