B. Riley Wealth Advisors Inc. Has $560,000 Position in Generac Holdings Inc. (NYSE:GNRC)

B. Riley Wealth Advisors Inc. decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,333 shares of the technology company’s stock after selling 94 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Generac were worth $560,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Rafferty Asset Management LLC increased its holdings in Generac by 16.9% during the 3rd quarter. Rafferty Asset Management LLC now owns 10,309 shares of the technology company’s stock worth $1,123,000 after purchasing an additional 1,492 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in Generac in the 3rd quarter valued at $679,000. Envestnet Asset Management Inc. lifted its stake in Generac by 14.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 98,740 shares of the technology company’s stock valued at $10,759,000 after acquiring an additional 12,703 shares in the last quarter. LPL Financial LLC lifted its stake in Generac by 28.8% during the 3rd quarter. LPL Financial LLC now owns 89,474 shares of the technology company’s stock valued at $9,749,000 after acquiring an additional 19,985 shares in the last quarter. Finally, Mariner LLC boosted its holdings in Generac by 17.3% during the 3rd quarter. Mariner LLC now owns 5,566 shares of the technology company’s stock worth $606,000 after acquiring an additional 822 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Patrick John Forsythe sold 65,855 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total value of $9,601,659.00. Following the sale, the insider now owns 19,815 shares in the company, valued at $2,889,027. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Generac news, EVP Erik Wilde sold 4,384 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $154.04, for a total value of $675,311.36. Following the completion of the transaction, the executive vice president now owns 17,897 shares of the company’s stock, valued at approximately $2,756,853.88. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Patrick John Forsythe sold 65,855 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total transaction of $9,601,659.00. Following the completion of the transaction, the insider now directly owns 19,815 shares in the company, valued at approximately $2,889,027. The disclosure for this sale can be found here. Insiders sold 80,785 shares of company stock worth $11,688,161 in the last three months. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GNRC shares. Canaccord Genuity Group raised their price target on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Janney Montgomery Scott downgraded Generac from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $126.00 to $154.00 in a research note on Thursday, June 13th. Canaccord Genuity Group increased their price target on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Oppenheimer cut Generac from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $149.00 target price on shares of Generac in a research report on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $141.67.

Generac Stock Performance

Shares of GNRC opened at $137.00 on Friday. 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 has a market capitalization of $8.30 billion, a price-to-earnings ratio of 37.74, a price-to-earnings-growth ratio of 1.87 and a beta of 1.44. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $156.95. The stock’s 50-day simple moving average is $139.74 and its 200 day simple moving average is $127.65.

Generac (NYSE:GNRC) last announced its quarterly 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. The firm had revenue of $889.27 million for the quarter, compared to the consensus estimate of $886.60 million. Generac had a net margin of 5.68% and a return on equity of 14.68%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 earnings per share. Research analysts forecast that Generac Holdings Inc. will post 6.14 EPS for the current fiscal year.

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.