Pinnacle Financial Partners Inc Raises Holdings in Generac Holdings Inc. (NYSE:GNRC)

Pinnacle Financial Partners Inc grew its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,052 shares of the technology company's stock after buying an additional 1,983 shares during the quarter. Pinnacle Financial Partners Inc owned approximately 0.09% of Generac worth $6,729,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GNRC. Hurley Capital LLC bought a new stake in shares of Generac during the 4th quarter valued at $26,000. Quadrant Capital Group LLC raised its holdings in Generac by 61.7% during the fourth quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock valued at $35,000 after acquiring an additional 87 shares during the period. Ostrum Asset Management bought a new stake in Generac during the fourth quarter valued at about $50,000. Wintrust Investments LLC lifted its position in shares of Generac by 55.1% in the fourth quarter. Wintrust Investments LLC now owns 428 shares of the technology company's stock valued at $66,000 after acquiring an additional 152 shares in the last quarter. Finally, Intact Investment Management Inc. bought a new position in shares of Generac in the first quarter worth about $76,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Trading Up 1.2%

Shares of NYSE:GNRC traded up $1.75 during trading hours on Thursday, hitting $152.37. 716,859 shares of the company's stock traded hands, compared to its average volume of 862,703. The firm has a market capitalization of $9.00 billion, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 1.32 and a beta of 1.72. The business has a fifty day moving average price of $126.94 and a 200-day moving average price of $134.78. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $195.94. 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 issued its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.27. Generac had a return on equity of 18.90% and a net margin of 7.68%. The firm had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. During the same period last year, the company earned $0.88 EPS. Generac's quarterly revenue was up 5.9% compared to the same quarter last year. Equities analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the sale, the chief executive officer directly 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 Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of research analyst reports. TD Securities lowered their price target on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Janney Montgomery Scott raised shares of Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Bank of America began coverage on shares of Generac in a report on Monday, March 24th. They issued a "buy" rating and a $182.00 price target on the stock. Finally, Stifel Nicolaus dropped their price objective on shares of Generac from $200.00 to $195.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $169.17.

About Generac

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.