Benjamin F. Edwards & Company Inc. Has $1.06 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

Benjamin F. Edwards & Company Inc. raised its holdings in Generac Holdings Inc. (NYSE:GNRC) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,019 shares of the technology company’s stock after purchasing an additional 341 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Generac were worth $1,060,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank acquired a new position in Generac during the 4th quarter worth about $67,253,000. Corient Private Wealth LLC grew its stake in shares of Generac by 2.0% during 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 during the last quarter. Quest Partners LLC acquired a new stake in shares of Generac in the fourth quarter valued at approximately $185,000. Intech Investment Management LLC bought a new position in Generac in the 4th quarter worth approximately $457,000. Finally, Hilltop Holdings Inc. lifted its holdings in Generac by 55.3% during the 4th quarter. Hilltop Holdings Inc. now owns 3,068 shares of the technology company’s stock worth $397,000 after buying an additional 1,093 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GNRC. 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 report on Thursday, June 13th. Stifel Nicolaus restated a “buy” rating and set a $175.00 target price (up from $145.00) on shares of Generac in a research report on Thursday, August 1st. Scotiabank lifted their price target on shares of Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. TD Cowen boosted their price target on shares of Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Piper Sandler raised their price objective on shares of Generac from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Generac currently has a consensus rating of “Hold” and an average target price of $154.71.

Generac Stock Up 3.1 %

Shares of GNRC stock opened at $146.14 on Tuesday. Generac Holdings Inc. has a 12-month low of $79.86 and a 12-month high of $169.57. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. The firm has a fifty day moving average of $149.09 and a 200-day moving average of $140.15. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 40.26, a P/E/G ratio of 1.83 and a beta of 1.38.

Generac (NYSE:GNRC) last released 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 firm had revenue of $998.20 million for the quarter, compared to the consensus estimate of $1 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. As a group, equities research analysts predict that Generac Holdings Inc. will post 6.52 earnings per share 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.