World Investment Advisors bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 11,337 shares of the technology company's stock, valued at approximately $1,436,000.
Several other institutional investors have also recently bought and sold shares of GNRC. Hurley Capital LLC acquired 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 during the last quarter. Private Trust Co. NA raised its holdings in shares of Generac by 42.9% in the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after purchasing an additional 90 shares during the period. Ostrum Asset Management bought a new stake in shares of Generac in the 4th quarter valued at about $50,000. Finally, Wintrust Investments LLC lifted its stake in Generac by 55.1% in the 4th 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. Institutional investors own 84.04% of the company's stock.
Generac Stock Up 1.3%
NYSE:GNRC traded up $1.97 on Wednesday, hitting $151.17. The stock had a trading volume of 631,231 shares, compared to its average volume of 866,761. The company has a market cap of $8.93 billion, a PE ratio of 19.48, a P/E/G ratio of 1.34 and a beta of 1.72. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94. The business's fifty day moving average is $129.89 and its 200 day moving average is $134.55. The company has a quick ratio of 0.89, a current ratio of 1.97 and a debt-to-equity ratio of 0.48.
Generac (NYSE:GNRC - Get Free Report) last posted its earnings results 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. The company had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. Generac had a return on equity of 18.90% and a net margin of 7.68%. The company's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $0.88 earnings per share. On average, equities research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.
Insider Activity at Generac
In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred 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 $80,166,358.40. The trade was a 0.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts have commented on GNRC shares. Bank of America started coverage on shares of Generac in a research report on Monday, March 24th. They set a "buy" rating and a $182.00 price objective for the company. TD Cowen reduced their price target on shares of Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Canaccord Genuity Group decreased their price target on shares of Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus dropped their target price on Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Wall Street Zen raised shares of Generac from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Generac has a consensus rating of "Moderate Buy" and an average price target of $169.17.
Get Our Latest Report on Generac
About Generac
(
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.
Further Reading
Before you consider Generac, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Generac wasn't on the list.
While Generac currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
