Generac Holdings Inc. (NYSE:GNRC) Shares Purchased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. increased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,544 shares of the technology company’s stock after purchasing an additional 117 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Generac were worth $601,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Duncker Streett & Co. Inc. boosted its stake in Generac by 2.4% during the second quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock worth $388,000 after buying an additional 68 shares during the period. Empirical Finance LLC boosted its stake in Generac by 4.5% during the first quarter. Empirical Finance LLC now owns 1,748 shares of the technology company’s stock worth $220,000 after buying an additional 75 shares during the period. Johnson Investment Counsel Inc. boosted its stake in Generac by 0.3% during the second quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock worth $2,981,000 after buying an additional 75 shares during the period. EntryPoint Capital LLC boosted its stake in Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after buying an additional 90 shares during the period. Finally, American International Group Inc. boosted its stake in Generac by 0.6% during the fourth quarter. American International Group Inc. now owns 16,550 shares of the technology company’s stock worth $2,139,000 after buying an additional 93 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Canaccord Genuity Group raised their price objective on shares of Generac from $177.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Roth Mkm raised their price objective on shares of Generac from $135.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Janney Montgomery Scott lowered shares of Generac from a “buy” rating to a “neutral” rating and raised their price objective for the company from $126.00 to $154.00 in a research note on Thursday, June 13th. StockNews.com lowered shares of Generac from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Generac from $149.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Generac has a consensus rating of “Hold” and a consensus target price of $154.71.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Generac Stock Performance

Shares of Generac stock opened at $160.18 on Friday. The firm’s fifty day simple moving average is $148.88 and its 200-day simple moving average is $142.59. The stock has a market capitalization of $9.71 billion, a price-to-earnings ratio of 44.13, a PEG ratio of 1.88 and a beta of 1.38. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $169.57. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99.

Generac (NYSE:GNRC) last announced its 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 business had revenue of $998.20 million for 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 quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 EPS. As a group, equities analysts forecast that Generac Holdings Inc. will post 6.5 earnings per share for the current 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.