ZWJ Investment Counsel Inc. Invests $2.55 Million in Generac Holdings Inc. $GNRC

ZWJ Investment Counsel Inc. bought a new position in Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, Holdings Channel.com reports. The firm bought 18,728 shares of the technology company’s stock, valued at approximately $2,554,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MUFG Securities EMEA plc purchased a new position in Generac in the second quarter worth $25,000. Caitong International Asset Management Co. Ltd purchased a new position in Generac in the third quarter worth $26,000. First Horizon Corp purchased a new position in shares of Generac in the 3rd quarter worth about $28,000. Sentry Investment Management LLC boosted its holdings in shares of Generac by 69.8% in the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after buying an additional 67 shares during the last quarter. Finally, Quent Capital LLC purchased a new position in shares of Generac in the 3rd quarter worth about $41,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

In related news, CFO York A. Ragen sold 24,362 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the transaction, the chief financial officer directly owned 137,182 shares of the company’s stock, valued at approximately $32,321,451.02. This trade represents a 15.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.

Generac Stock Up 3.2%

Shares of NYSE GNRC opened at $211.82 on Wednesday. The stock has a market capitalization of $12.43 billion, a PE ratio of 79.04, a P/E/G ratio of 1.45 and a beta of 1.78. Generac Holdings Inc. has a one year low of $104.90 and a one year high of $241.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.03 and a quick ratio of 1.00. The business’s fifty day moving average price is $207.77 and its 200-day moving average price is $177.38.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GNRC shares. Needham & Company LLC reissued a “buy” rating and issued a $277.00 price target on shares of Generac in a report on Thursday, March 26th. Roth Mkm reiterated a “neutral” rating and issued a $220.00 target price on shares of Generac in a research note on Thursday, February 12th. Jefferies Financial Group began coverage on shares of Generac in a research note on Friday, March 20th. They issued a “hold” rating and a $222.00 target price on the stock. Zacks Research upgraded shares of Generac from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Generac in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $229.94.

Generac Company Profile

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.