Raymond James & Associates Boosts Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Raymond James & Associates boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184,467 shares of the technology company’s stock after purchasing an additional 6,375 shares during the quarter. Raymond James & Associates owned about 0.30% of Generac worth $29,308,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Duncker Streett & Co. Inc. raised its position in shares of Generac by 2.4% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock valued at $388,000 after buying an additional 68 shares in the last quarter. Empirical Finance LLC increased 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 acquiring an additional 75 shares during the last quarter. Johnson Investment Counsel Inc. raised its position in Generac by 0.3% during the second quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock valued at $2,981,000 after purchasing an additional 75 shares during the period. EntryPoint Capital LLC boosted its holdings in shares of Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after purchasing an additional 90 shares during the period. Finally, American International Group Inc. increased its position in shares of Generac by 0.6% during the 4th quarter. American International Group Inc. now owns 16,550 shares of the technology company’s stock valued at $2,139,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the sale, the chief executive officer now directly owns 562,177 shares in the company, valued at $89,346,790.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on GNRC. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 price objective (up from $145.00) on shares of Generac in a research note on Thursday, August 1st. Wells Fargo & Company upped their price target on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Robert W. Baird raised their price objective on shares of Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Truist Financial upped their target price on Generac from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Citigroup raised their price target on Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $165.40.

Generac Stock Down 0.8 %

Generac stock opened at $166.15 on Thursday. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $176.14. The business has a fifty day moving average of $155.27 and a two-hundred day moving average of $146.74. The firm has a market cap of $10.07 billion, a P/E ratio of 45.77, a P/E/G ratio of 2.22 and a beta of 1.38. 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 issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, topping 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 return on equity of 15.35% and a net margin of 6.03%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 EPS. On average, analysts forecast that Generac Holdings Inc. will post 6.47 earnings per share 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.