Fluent Financial LLC Acquires 2,363 Shares of Generac Holdings Inc. (NYSE:GNRC)

Fluent Financial LLC grew its stake in Generac Holdings Inc. (NYSE:GNRC) by 116.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,389 shares of the technology company’s stock after purchasing an additional 2,363 shares during the quarter. Fluent Financial LLC’s holdings in Generac were worth $697,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Campbell & CO Investment Adviser LLC bought a new position in Generac during the fourth quarter worth about $578,000. KBC Group NV grew its holdings in Generac by 108.1% during the fourth quarter. KBC Group NV now owns 15,850 shares of the technology company’s stock valued at $2,049,000 after purchasing an additional 8,235 shares during the period. Royal London Asset Management Ltd. increased its stake in Generac by 2.2% in the fourth quarter. Royal London Asset Management Ltd. now owns 23,932 shares of the technology company’s stock valued at $3,093,000 after purchasing an additional 507 shares in the last quarter. Capital World Investors acquired a new stake in Generac in the fourth quarter worth $155,707,000. Finally, Tower Research Capital LLC TRC raised its holdings in Generac by 139.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,524 shares of the technology company’s stock worth $1,489,000 after purchasing an additional 6,707 shares during the period. 84.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on GNRC shares. TD Cowen upped their price objective on shares of Generac from $144.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird raised their price target on Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Janney Montgomery Scott cut Generac from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $126.00 to $154.00 in a report on Thursday, June 13th. The Goldman Sachs Group increased their target price on Generac from $129.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Roth Mkm upped their price target 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 issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $154.71.

Generac Stock Up 1.4 %

Shares of NYSE GNRC traded up $2.16 during trading hours on Friday, hitting $160.18. The company had a trading volume of 535,050 shares, compared to its average volume of 954,389. The stock has a market capitalization of $9.71 billion, a P/E ratio of 44.13, a price-to-earnings-growth ratio of 1.88 and a beta of 1.38. Generac Holdings Inc. has a 1-year low of $79.86 and a 1-year high of $169.57. The firm’s 50 day moving average is $148.88 and its 200-day moving average is $142.39. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. The firm had revenue of $998.20 million during the quarter, compared to analysts’ expectations of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 earnings per share. On average, analysts expect that Generac Holdings Inc. will post 6.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the sale, the chief executive officer now owns 562,177 shares in the company, valued at approximately $89,346,790.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.80% of the company’s stock.

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.