Generac Holdings Inc. $GNRC Shares Purchased by UMB Bank n.a.

UMB Bank n.a. increased its stake in Generac Holdings Inc. (NYSE:GNRC) by 500.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,713 shares of the technology company’s stock after purchasing an additional 8,930 shares during the period. UMB Bank n.a.’s holdings in Generac were worth $1,793,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of GNRC. New York Life Investment Management LLC increased its position in shares of Generac by 0.7% in the 2nd quarter. New York Life Investment Management LLC now owns 7,924 shares of the technology company’s stock valued at $1,135,000 after acquiring an additional 58 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in shares of Generac by 21.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 331 shares of the technology company’s stock valued at $55,000 after purchasing an additional 59 shares during the period. Beacon Investment Advisors LLC raised its stake in shares of Generac by 0.3% in the second quarter. Beacon Investment Advisors LLC now owns 26,226 shares of the technology company’s stock worth $3,735,000 after purchasing an additional 70 shares during the last quarter. ORG Partners LLC lifted its holdings in shares of Generac by 24.7% during the third quarter. ORG Partners LLC now owns 369 shares of the technology company’s stock worth $62,000 after purchasing an additional 73 shares during the period. Finally, Nwam LLC boosted its position in Generac by 6.7% in the third quarter. Nwam LLC now owns 1,221 shares of the technology company’s stock valued at $224,000 after buying an additional 77 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Trading Up 1.8%

Shares of NYSE:GNRC opened at $171.01 on Tuesday. The business’s 50 day moving average price is $154.67 and its 200-day moving average price is $168.30. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $203.25. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 1.35 and a beta of 1.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.18 and a quick ratio of 1.02.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GNRC. Bank of America reduced their price target on shares of Generac from $236.00 to $224.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Wells Fargo & Company set a $195.00 target price on shares of Generac in a research report on Friday, December 19th. Zacks Research downgraded Generac from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. Roth Mkm set a $184.00 price objective on Generac and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, Robert W. Baird raised Generac from a “neutral” rating to an “outperform” rating and dropped their target price for the stock from $215.00 to $199.00 in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $195.29.

Generac 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.