MFA Wealth Advisors LLC Buys 5,402 Shares of Generac Holdings Inc. (NYSE:GNRC)

MFA Wealth Advisors LLC increased its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 45.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,405 shares of the technology company's stock after buying an additional 5,402 shares during the quarter. MFA Wealth Advisors LLC's holdings in Generac were worth $2,195,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Peregrine Asset Advisers Inc. increased its stake in Generac by 1.6% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 5,600 shares of the technology company's stock worth $724,000 after purchasing an additional 90 shares during the period. American International Group Inc. increased its stake in Generac by 0.6% in the fourth quarter. American International Group Inc. now owns 16,550 shares of the technology company's stock worth $2,139,000 after purchasing an additional 93 shares during the period. Alaethes Wealth LLC increased its stake in Generac by 0.9% in the fourth quarter. Alaethes Wealth LLC now owns 11,420 shares of the technology company's stock worth $1,476,000 after purchasing an additional 97 shares during the period. Lido Advisors LLC increased its stake in Generac by 2.9% in the third quarter. Lido Advisors LLC now owns 4,143 shares of the technology company's stock worth $451,000 after purchasing an additional 115 shares during the period. Finally, AHL Investment Management Inc. increased its stake in Generac by 2.3% in the first quarter. AHL Investment Management Inc. now owns 6,125 shares of the technology company's stock worth $773,000 after purchasing an additional 135 shares during the period. 84.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GNRC. UBS Group lowered their price objective on shares of Generac from $160.00 to $150.00 and set a "buy" rating for the company in a research note on Thursday, February 15th. Canaccord Genuity Group upped their price objective on shares of Generac from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, April 5th. Roth Mkm upped their price objective on shares of Generac from $120.00 to $135.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 23rd. Canaccord Genuity Group upped their price objective on shares of Generac from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, April 5th. Finally, TD Cowen lowered their price objective on shares of Generac from $165.00 to $144.00 and set an "outperform" rating for the company in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Generac currently has a consensus rating of "Moderate Buy" and a consensus target price of $142.15.

Generac Price Performance

Shares of NYSE:GNRC traded down $7.65 during midday trading on Thursday, reaching $144.14. 1,159,028 shares of the company's stock traded hands, compared to its average volume of 1,062,739. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $156.95. The company has a market cap of $8.74 billion, a P/E ratio of 39.71, a PEG ratio of 2.11 and a beta of 1.41. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.29. The company has a fifty day simple moving average of $132.26 and a two-hundred day simple moving average of $123.03.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.16. The company had revenue of $889.27 million for the quarter, compared to analyst estimates of $886.60 million. Generac had a return on equity of 14.68% and a net margin of 5.68%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS. Equities analysts predict that Generac Holdings Inc. will post 6.08 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total value of $699,750.00. Following the completion of the sale, the chief executive officer now directly owns 587,177 shares of the company's stock, valued at approximately $82,175,421.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total value of $699,750.00. Following the completion of the sale, the chief executive officer now directly owns 587,177 shares of the company's stock, valued at approximately $82,175,421.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nam Tran Nguyen sold 546 shares of the firm's stock in a transaction on Monday, May 13th. The stock was sold at an average price of $140.55, for a total value of $76,740.30. Following the completion of the sale, the director now directly owns 3,512 shares of the company's stock, valued at $493,611.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,546 shares of company stock worth $1,411,190. Corporate insiders own 2.80% of the company's stock.

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.

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