Axxcess Wealth Management LLC purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,800 shares of the technology company's stock, valued at approximately $355,000.
Other large investors have also added to or reduced their stakes in the company. Hurley Capital LLC bought a new stake in shares of Generac during the 4th quarter valued at $26,000. Quadrant Capital Group LLC lifted its holdings in Generac by 61.7% in the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock worth $35,000 after purchasing an additional 87 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Generac by 42.9% in the first quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after buying an additional 90 shares in the last quarter. Ostrum Asset Management bought a new position in shares of Generac during the fourth quarter worth $50,000. Finally, Covestor Ltd grew its position in shares of Generac by 33.9% during the fourth quarter. Covestor Ltd now owns 513 shares of the technology company's stock valued at $80,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 84.04% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Citigroup raised shares of Generac from a "neutral" rating to a "mixed" rating in a research note on Friday. Bank of America assumed coverage on shares of Generac in a research note on Monday, March 24th. They issued a "buy" rating and a $182.00 price objective for the company. Wall Street Zen upgraded Generac from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Stifel Nicolaus dropped their price objective on Generac from $200.00 to $195.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Janney Montgomery Scott upgraded shares of Generac from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $169.17.
View Our Latest Stock Analysis on Generac
Generac Stock Performance
NYSE:GNRC traded down $1.45 during mid-day trading on Monday, hitting $148.97. The company's stock had a trading volume of 684,774 shares, compared to its average volume of 889,392. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.36 and a beta of 1.72. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $195.94. The business's fifty day moving average is $131.40 and its two-hundred day moving average is $134.21. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.89.
Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.27. Generac had a net margin of 7.68% and a return on equity of 18.90%. The business had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. During the same period in the prior year, the company posted $0.88 EPS. The company's revenue for the quarter was up 5.9% on a year-over-year basis. Analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.
Insiders Place Their Bets
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the transaction, the chief executive officer owned 562,966 shares in the company, valued at approximately $80,166,358.40. This trade represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.70% of the company's stock.
Generac Profile
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Free Report)
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.
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