International Assets Investment Management LLC Has $42.43 Million Holdings in Generac Holdings Inc. (NYSE:GNRC)

International Assets Investment Management LLC grew its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 25,311.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 267,077 shares of the technology company’s stock after buying an additional 266,026 shares during the period. International Assets Investment Management LLC owned approximately 0.44% of Generac worth $42,433,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. MFA Wealth Advisors LLC grew its stake in Generac by 22.7% in the third quarter. MFA Wealth Advisors LLC now owns 23,082 shares of the technology company’s stock valued at $3,667,000 after acquiring an additional 4,271 shares during the period. Lecap Asset Management Ltd. increased its holdings in Generac by 84.7% during the 3rd quarter. Lecap Asset Management Ltd. now owns 15,885 shares of the technology company’s stock worth $2,524,000 after purchasing an additional 7,286 shares in the last quarter. Jade Capital Advisors LLC increased its holdings in Generac by 13.3% during the 3rd quarter. Jade Capital Advisors LLC now owns 17,000 shares of the technology company’s stock worth $2,701,000 after purchasing an additional 2,000 shares in the last quarter. Venture Visionary Partners LLC lifted its position in shares of Generac by 38.1% during the 3rd quarter. Venture Visionary Partners LLC now owns 11,363 shares of the technology company’s stock worth $1,805,000 after buying an additional 3,135 shares in the last quarter. Finally, Resonant Capital Advisors LLC boosted its stake in shares of Generac by 29.9% in the 3rd quarter. Resonant Capital Advisors LLC now owns 2,492 shares of the technology company’s stock worth $396,000 after buying an additional 573 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Price Performance

Shares of Generac stock opened at $164.40 on Monday. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $176.14. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average price is $155.89 and its 200-day moving average price is $147.20. The firm has a market capitalization of $9.89 billion, a PE ratio of 42.15, a price-to-earnings-growth ratio of 2.15 and a beta of 1.38.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The firm had revenue of $998.20 million for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the business earned $1.08 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. Sell-side analysts forecast that Generac Holdings Inc. will post 6.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 price target (up from $145.00) on shares of Generac in a report on Thursday, August 1st. Citigroup lifted their target price on Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Canaccord Genuity Group raised their price target on Generac from $177.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price objective on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Robert W. Baird upped their price target on Generac from $142.00 to $163.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Generac currently has an average rating of “Hold” and an average target price of $165.40.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 562,177 shares of the company’s stock, valued at $89,346,790.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by insiders.

About Generac

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.