Generac Holdings Inc. $GNRC Shares Acquired by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV grew its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 57.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,591 shares of the technology company’s stock after purchasing an additional 2,040 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Generac were worth $1,092,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. NewEdge Advisors LLC increased its position in Generac by 6.2% during the 1st quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock valued at $309,000 after buying an additional 142 shares in the last quarter. Woodline Partners LP boosted its holdings in Generac by 40.9% in the first quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock worth $638,000 after acquiring an additional 1,463 shares in the last quarter. First Trust Advisors LP boosted its holdings in Generac by 27.6% in the second quarter. First Trust Advisors LP now owns 101,298 shares of the technology company’s stock worth $14,507,000 after acquiring an additional 21,908 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Generac by 1.6% during the second quarter. Cerity Partners LLC now owns 50,550 shares of the technology company’s stock worth $7,239,000 after acquiring an additional 816 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Generac by 8.6% during the second quarter. California Public Employees Retirement System now owns 104,246 shares of the technology company’s stock valued at $14,929,000 after acquiring an additional 8,213 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Raymond James Financial set a $302.00 price objective on shares of Generac in a research report on Friday, May 22nd. Jefferies Financial Group restated a “buy” rating on shares of Generac in a research note on Wednesday, June 3rd. Citigroup raised their price target on shares of Generac from $226.00 to $263.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Argus lifted their price objective on shares of Generac from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Generac has an average rating of “Moderate Buy” and a consensus target price of $278.65.

Generac Price Performance

Shares of NYSE GNRC opened at $274.57 on Wednesday. The business’s 50 day moving average price is $254.57 and its 200 day moving average price is $208.06. The firm has a market cap of $16.16 billion, a P/E ratio of 86.07, a P/E/G ratio of 2.77 and a beta of 1.93. Generac Holdings Inc. has a 52 week low of $132.91 and a 52 week high of $296.03. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.47. Generac had a net margin of 4.37% and a return on equity of 15.45%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company earned $1.26 EPS. Generac’s quarterly revenue was up 12.5% on a year-over-year basis. On average, sell-side analysts expect that Generac Holdings Inc. will post 8.91 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the completion of the transaction, the chief executive officer directly owned 564,528 shares in the company, valued at $153,653,231.04. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $272.26, for a total transaction of $149,743.00. Following the completion of the sale, the insider directly owned 16,108 shares in the company, valued at approximately $4,385,564.08. The trade was a 3.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is owned by corporate insiders.

Generac Company 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.