Alaethes Wealth LLC Boosts Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Alaethes Wealth LLC boosted its position in Generac Holdings Inc. (NYSE:GNRC) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,968 shares of the technology company’s stock after purchasing an additional 256 shares during the period. Alaethes Wealth LLC’s holdings in Generac were worth $1,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Generac by 23.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 610,100 shares of the technology company’s stock valued at $78,854,000 after buying an additional 115,728 shares in the last quarter. Norges Bank acquired a new position in Generac during the fourth quarter worth about $67,253,000. Gladstone Institutional Advisory LLC raised its position in Generac by 28.1% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 2,783 shares of the technology company’s stock worth $360,000 after acquiring an additional 611 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Generac by 2.0% in the fourth quarter. Corient Private Wealth LLC now owns 29,002 shares of the technology company’s stock valued at $3,748,000 after purchasing an additional 558 shares in the last quarter. Finally, Trexquant Investment LP grew its position in shares of Generac by 204.5% in the fourth quarter. Trexquant Investment LP now owns 21,761 shares of the technology company’s stock valued at $2,812,000 after purchasing an additional 14,615 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Robert W. Baird boosted their price target on Generac from $142.00 to $163.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Guggenheim downgraded Generac from a “neutral” rating to a “sell” rating and set a $120.00 target price on the stock. in a research report on Thursday, May 30th. Stephens restated an “overweight” rating and issued a $200.00 price target on shares of Generac in a report on Monday, August 5th. Northland Securities increased their price objective on shares of Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Roth Mkm boosted their target price on shares of Generac from $135.00 to $160.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $154.71.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $133.39, for a total transaction of $666,950.00. Following the sale, the chief executive officer now owns 577,177 shares in the company, valued at $76,989,640.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.80% of the company’s stock.

Generac Stock Down 0.8 %

Generac stock opened at $141.76 on Friday. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $169.57. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 39.05, a PEG ratio of 1.83 and a beta of 1.38. The company’s 50-day moving average price is $149.26 and its two-hundred day moving average price is $139.51. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.15. The company had revenue of $998.20 million for the quarter, compared to analysts’ expectations of $1 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the firm earned $1.08 EPS. On average, analysts expect that Generac Holdings Inc. will post 6.52 EPS for the current fiscal year.

Generac Company 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.