SG Americas Securities LLC Has $5.43 Million Stake in Generac Holdings Inc. $GNRC

SG Americas Securities LLC increased its stake in Generac Holdings Inc. (NYSE:GNRC) by 125.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,843 shares of the technology company’s stock after acquiring an additional 22,178 shares during the quarter. SG Americas Securities LLC owned 0.07% of Generac worth $5,433,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GNRC. Invesco Ltd. increased its stake in Generac by 40.9% in the second quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company’s stock valued at $285,338,000 after purchasing an additional 577,933 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Generac during the 3rd quarter worth about $70,744,000. Norges Bank bought a new position in shares of Generac during the 2nd quarter worth about $53,138,000. Victory Capital Management Inc. grew its stake in shares of Generac by 17.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock valued at $355,530,000 after buying an additional 324,809 shares during the period. Finally, Federated Hermes Inc. increased its position in Generac by 63.5% in the 2nd quarter. Federated Hermes Inc. now owns 749,347 shares of the technology company’s stock valued at $107,314,000 after buying an additional 291,012 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Price Performance

GNRC stock opened at $198.99 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03. The business has a 50-day simple moving average of $202.45 and a two-hundred day simple moving average of $175.87. The company has a market capitalization of $11.68 billion, a P/E ratio of 74.25, a price-to-earnings-growth ratio of 1.39 and a beta of 1.78. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $241.09.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, February 11th. The technology company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.20). The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 3.79% and a return on equity of 14.55%. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.80 EPS. Research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insiders Place Their Bets

In other Generac news, CFO York A. Ragen sold 24,362 shares of Generac stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the transaction, the chief financial officer directly owned 137,182 shares of the company’s stock, valued at $32,321,451.02. The trade was a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on GNRC. Roth Mkm reaffirmed a “neutral” rating and set a $220.00 price target on shares of Generac in a research note on Thursday, February 12th. Barclays raised their price objective on Generac from $213.00 to $228.00 and gave the company an “equal weight” rating in a research note on Friday, March 27th. Guggenheim reaffirmed a “neutral” rating and set a $202.00 target price on shares of Generac in a research report on Tuesday, February 10th. UBS Group reiterated a “buy” rating and issued a $270.00 target price on shares of Generac in a report on Friday, February 13th. Finally, Zacks Research raised shares of Generac from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $229.94.

Generac Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.