Generac Holdings Inc. (NYSE:GNRC) Stock Holdings Raised by CapWealth Advisors LLC

CapWealth Advisors LLC grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 14.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,505 shares of the technology company's stock after acquiring an additional 6,465 shares during the period. CapWealth Advisors LLC owned about 0.09% of Generac worth $6,523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Hurley Capital LLC purchased a new position in shares of Generac during the 4th quarter worth approximately $26,000. Quadrant Capital Group LLC increased its stake in shares of Generac by 61.7% during 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 increased its stake in shares of Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after purchasing an additional 90 shares in the last quarter. Ostrum Asset Management purchased a new position in shares of Generac during the 4th quarter worth approximately $50,000. Finally, Wintrust Investments LLC grew its stake in Generac by 55.1% in the 4th quarter. Wintrust Investments LLC now owns 428 shares of the technology company's stock worth $66,000 after acquiring an additional 152 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on GNRC shares. Stephens reaffirmed an "overweight" rating and issued a $175.00 target price on shares of Generac in a research note on Tuesday, May 27th. TD Cowen lowered their target price on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Robert W. Baird lowered their target price on shares of Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Finally, Piper Sandler lowered their target price on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $169.17.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total transaction of $712,000.00. Following the sale, the chief executive officer owned 562,966 shares of the company's stock, valued at $80,166,358.40. The trade was a 0.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.70% of the stock is owned by company insiders.

Generac Stock Up 0.8%

Shares of NYSE:GNRC traded up $1.16 during midday trading on Tuesday, hitting $149.49. 915,978 shares of the company's stock traded hands, compared to its average volume of 866,454. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $195.94. The company has a market cap of $8.83 billion, a PE ratio of 26.04, a P/E/G ratio of 1.37 and a beta of 1.72. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.97. The firm's fifty day moving average price is $128.43 and its two-hundred day moving average price is $134.33.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly 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 firm had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. During the same quarter in the previous year, the firm posted $0.88 EPS. The firm's quarterly revenue was up 5.9% on a year-over-year basis. On average, equities research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Generac Company Profile

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.