Kingswood Wealth Advisors LLC Raises Stock Position in Generac Holdings Inc. $GNRC

Kingswood Wealth Advisors LLC lifted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 206.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,362 shares of the technology company’s stock after acquiring an additional 4,962 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Generac were worth $1,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GNRC. MassMutual Private Wealth & Trust FSB raised its position in Generac by 81.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock valued at $25,000 after purchasing an additional 77 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of Generac in the second quarter valued at about $25,000. Creative Capital Management Investments LLC raised its holdings in shares of Generac by 740.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock valued at $33,000 after buying an additional 200 shares during the period. Legend Financial Advisors Inc. acquired a new position in Generac during the 2nd quarter worth approximately $36,000. Finally, Red Tortoise LLC purchased a new position in Generac in the 3rd quarter worth approximately $42,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total transaction of $832,150.00. Following the sale, the chief executive officer owned 542,966 shares in the company, valued at $90,365,831.38. This represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.70% of the stock is currently owned by corporate insiders.

Generac Trading Up 2.7%

GNRC opened at $152.87 on Friday. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.18 and a quick ratio of 1.02. The stock has a market capitalization of $8.97 billion, a PE ratio of 29.12, a P/E/G ratio of 1.21 and a beta of 1.82. The firm’s fifty day moving average price is $150.07 and its 200 day moving average price is $165.88.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.42). The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.20 billion. Generac had a return on equity of 17.63% and a net margin of 6.92%.Generac’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.25 EPS. As a group, research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GNRC shares. Bank of America dropped their price objective on shares of Generac from $236.00 to $224.00 and set a “buy” rating on the stock in a research note on Wednesday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $240.00 price target on shares of Generac in a report on Thursday, October 30th. Wall Street Zen lowered shares of Generac from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. Needham & Company LLC assumed coverage on shares of Generac in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $248.00 price objective for the company. Finally, Barclays raised their target price on Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $198.44.

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.