Sequoia Financial Advisors LLC Takes Position in Generac Holdings Inc. (NYSE:GNRC)

Sequoia Financial Advisors LLC bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,937 shares of the technology company's stock, valued at approximately $245,000.

Other institutional investors also recently bought and sold shares of the company. Hurley Capital LLC acquired a new stake in shares of Generac in the fourth quarter valued at about $26,000. Quadrant Capital Group LLC grew its position in shares of Generac by 61.7% in the fourth quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock valued at $35,000 after purchasing an additional 87 shares during the last quarter. Ostrum Asset Management acquired a new stake in shares of Generac in the fourth quarter valued at about $50,000. Wintrust Investments LLC grew 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 purchasing an additional 152 shares during the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in shares of Generac in the first quarter valued at about $76,000. 84.04% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on 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 transaction, the chief executive officer owned 562,966 shares in the company, valued at approximately $80,166,358.40. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.70% of the company's stock.

Generac Price Performance

NYSE GNRC traded up $1.75 during trading on Friday, reaching $152.37. 716,859 shares of the company traded hands, compared to its average volume of 864,550. 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 stock's 50 day moving average price is $127.72 and its two-hundred day moving average price is $134.69. The company has a market cap of $9.00 billion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 1.37 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.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, beating 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 company had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. During the same period in the previous year, the business earned $0.88 earnings per share. The company's quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analyst Weigh In

GNRC has been the topic of several research analyst reports. Stifel Nicolaus lowered their price target on Generac from $200.00 to $195.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Wall Street Zen raised Generac from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Citigroup raised Generac from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $162.00 to $138.00 in a research report on Thursday, April 17th. TD Cowen decreased their target price on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Bank of America assumed coverage on Generac in a research report on Monday, March 24th. They set a "buy" rating and a $182.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Generac presently has a consensus rating of "Moderate Buy" and a consensus price target of $169.17.

Generac 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.