Virtu Financial LLC Makes New Investment in Generac Holdings Inc. (NYSE:GNRC)

Virtu Financial LLC purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,078 shares of the technology company’s stock, valued at approximately $269,000.

Several other hedge funds also recently bought and sold shares of the stock. BKM Wealth Management LLC acquired a new stake in shares of Generac during the fourth quarter worth $28,000. ORG Partners LLC acquired a new stake in shares of Generac during the fourth quarter worth $38,000. Quarry LP boosted its holdings in shares of Generac by 219.6% during the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after purchasing an additional 202 shares during the last quarter. Pinnacle Bancorp Inc. boosted its holdings in shares of Generac by 89.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company’s stock worth $40,000 after purchasing an additional 147 shares during the last quarter. Finally, Operose Advisors LLC acquired a new stake in shares of Generac during the third quarter worth $40,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Guggenheim cut Generac from a “neutral” rating to a “sell” rating and set a $120.00 target price on the stock. in a report on Thursday, May 30th. Roth Mkm lifted their target price on Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. Canaccord Genuity Group lifted their target price on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. Oppenheimer cut Generac from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 22nd. Finally, Truist Financial lifted their target price on Generac from $160.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Generac presently has a consensus rating of “Hold” and an average target price of $141.67.

Insider Activity at Generac

In related news, Director Nam Tran Nguyen sold 546 shares of the business’s stock in a transaction dated 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Nam Tran Nguyen sold 546 shares of the business’s stock in a transaction dated 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were 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 $82,175,421.15. The disclosure for this sale can be found here. Insiders sold a total of 80,785 shares of company stock valued at $11,688,161 over the last three months. 2.80% of the stock is owned by insiders.

Generac Stock Down 0.4 %

Shares of NYSE GNRC opened at $137.09 on Friday. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $156.95. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 1.89 and a beta of 1.44. 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 stock’s 50-day simple moving average is $139.74 and its 200-day simple moving average is $127.62.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The business had revenue of $889.27 million for the quarter, compared to analyst estimates of $886.60 million. During the same period in the previous year, the company earned $0.63 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities analysts anticipate that Generac Holdings Inc. will post 6.14 earnings per share for the current fiscal year.

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.