5,590 Shares in Generac Holdings Inc. $GNRC Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,590 shares of the technology company's stock, valued at approximately $1,637,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Generac in the second quarter valued at approximately $1,170,960,000. Invesco Ltd. grew its holdings in shares of Generac by 49.9% in the fourth quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company's stock valued at $330,557,000 after purchasing an additional 806,430 shares in the last quarter. Diamant Asset Management Inc. increased its stake in Generac by 19,433.0% during the 1st quarter. Diamant Asset Management Inc. now owns 666,075 shares of the technology company's stock worth $130,104,000 after buying an additional 662,665 shares during the period. Bank of Montreal Can increased its stake in Generac by 1,141.1% during the 4th quarter. Bank of Montreal Can now owns 695,600 shares of the technology company's stock worth $94,859,000 after buying an additional 639,551 shares during the period. Finally, Norges Bank acquired a new stake in Generac during the 4th quarter worth approximately $68,590,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Trading Down 0.1%

NYSE GNRC opened at $206.51 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. Generac Holdings Inc. has a one year low of $134.80 and a one year high of $296.44. The firm's fifty day moving average is $233.63 and its two-hundred day moving average is $229.33. The firm has a market cap of $12.19 billion, a PE ratio of 47.58, a P/E/G ratio of 1.75 and a beta of 1.92.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.01 by $0.90. Generac had a return on equity of 17.83% and a net margin of 5.82%.The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the prior year, the business earned $1.65 earnings per share. The company's quarterly revenue was up 10.3% compared to the same quarter last year. Analysts expect that Generac Holdings Inc. will post 9.78 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GNRC shares. Wells Fargo & Company lifted their price objective on Generac from $238.00 to $280.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. Weiss Ratings raised shares of Generac from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 5th. Needham & Company LLC lifted their price target on shares of Generac from $282.00 to $283.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Robert W. Baird set a $305.00 price target on shares of Generac in a report on Thursday, July 30th. Finally, Stephens reiterated an "overweight" rating and set a $290.00 price target on shares of Generac in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $284.84.

Insiders Place Their Bets

In other news, insider Kyle Andrew Raabe sold 586 shares of Generac stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $213.35, for a total transaction of $125,023.10. Following the completion of the sale, the insider directly owned 10,746 shares in the company, valued at approximately $2,292,659.10. This trade represents a 5.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of Generac stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total value of $120,356.50. Following the transaction, the insider directly owned 15,508 shares of the company's stock, valued at approximately $3,393,615.64. This represents a 3.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 12,236 shares of company stock worth $2,871,273. 2.40% of the stock is owned by corporate insiders.

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.

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