Everence Capital Management Inc. Purchases 2,170 Shares of Generac Holdings Inc. (NYSE:GNRC)

Everence Capital Management Inc. increased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 67.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,380 shares of the technology company’s stock after buying an additional 2,170 shares during the quarter. Everence Capital Management Inc.’s holdings in Generac were worth $695,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in Generac during the third quarter valued at approximately $28,000. BKM Wealth Management LLC acquired a new position in Generac during the fourth quarter valued at approximately $28,000. Castleview Partners LLC acquired a new position in Generac during the first quarter valued at approximately $30,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in Generac during the first quarter valued at approximately $35,000. Finally, ORG Partners LLC acquired a new stake in shares of Generac in the fourth quarter valued at approximately $38,000. 84.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $115.22, for a total transaction of $576,100.00. Following the transaction, the chief executive officer now directly owns 577,690 shares of the company’s stock, valued at approximately $66,561,441.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.80% of the company’s stock.

Generac Trading Up 0.9 %

NYSE GNRC opened at $130.25 on Thursday. The company has a quick ratio of 0.94, a current ratio of 2.27 and a debt-to-equity ratio of 0.62. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $156.95. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 39.59, a price-to-earnings-growth ratio of 1.71 and a beta of 1.45. The business’s fifty day moving average is $120.92 and its 200 day moving average is $115.54.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GNRC shares. UBS Group cut their price objective on Generac from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Canaccord Genuity Group raised their price objective on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Roth Mkm increased their target price on Generac from $105.00 to $118.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. TD Cowen lowered their target price on Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Finally, Robert W. Baird raised their price objective on Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $140.80.

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.