Diversify Advisory Services LLC bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,772 shares of the technology company's stock, valued at approximately $1,930,000.
Several other large investors have also recently made changes to their positions in GNRC. Nicollet Investment Management Inc. grew its stake in shares of Generac by 0.7% during the fourth quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company's stock worth $1,055,000 after acquiring an additional 50 shares during the last quarter. Root Financial Partners LLC raised its position in shares of Generac by 32.9% in the 1st quarter. Root Financial Partners LLC now owns 218 shares of the technology company's stock valued at $43,000 after purchasing an additional 54 shares during the last quarter. Gen Wealth Partners Inc boosted its stake in Generac by 8.7% in the 4th quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company's stock worth $92,000 after purchasing an additional 54 shares in the last quarter. Meridian Financial Partners LLC grew its position in Generac by 0.6% during the 4th quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company's stock worth $1,371,000 after purchasing an additional 61 shares during the last quarter. Finally, Essential Partners LLC increased its stake in Generac by 57.0% during the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company's stock valued at $33,000 after purchasing an additional 61 shares in the last quarter. 84.04% of the stock is owned by institutional investors.
Generac Trading Down 0.7%
NYSE GNRC opened at $210.04 on Thursday. The firm's 50-day moving average is $235.76 and its two-hundred day moving average is $229.21. Generac Holdings Inc. has a 12 month low of $134.80 and a 12 month high of $296.44. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00. The stock has a market capitalization of $12.39 billion, a P/E ratio of 48.40, a PEG ratio of 1.80 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.90. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. Generac had a net margin of 5.82% and a return on equity of 17.83%. The business's revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.65 EPS. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 9.78 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts recently commented on GNRC shares. Citigroup upped their target price on Generac from $263.00 to $300.00 and gave the company a "neutral" rating in a research report on Thursday, July 2nd. Wall Street Zen upgraded Generac from a "hold" rating to a "strong-buy" rating in a research report on Saturday, May 9th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Generac in a report on Wednesday, June 3rd. Canaccord Genuity Group dropped their price target on Generac from $325.00 to $275.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Finally, TD Cowen reiterated a "buy" rating on shares of Generac in a report on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $284.84.
Get Our Latest Analysis on Generac
Insiders Place Their Bets
In related news, insider Norman P. Taffe sold 550 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $218.83, for a total transaction of $120,356.50. Following the sale, the insider directly owned 15,508 shares of the company's stock, valued at $3,393,615.64. This represents a 3.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.89, for a total value of $974,450.00. Following the completion of the sale, the chief executive officer directly owned 554,528 shares in the company, valued at $108,071,961.92. This represents a 0.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,236 shares of company stock worth $2,871,273 over the last three months. Company insiders own 2.40% of the company's stock.
About Generac
(
Free Report)
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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