SG Americas Securities LLC Raises Stake in Generac Holdings Inc. $GNRC

SG Americas Securities LLC increased its stake in Generac Holdings Inc. (NYSE:GNRC) by 152.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,665 shares of the technology company’s stock after purchasing an additional 10,659 shares during the quarter. SG Americas Securities LLC’s holdings in Generac were worth $2,957,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in Generac by 81.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after purchasing an additional 77 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in Generac during the 2nd quarter valued at about $25,000. Creative Capital Management Investments LLC increased its position in shares of Generac by 740.7% during the second 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. purchased a new stake in shares of Generac in the second quarter worth about $36,000. Finally, Red Tortoise LLC purchased a new stake in shares of Generac in the third quarter worth about $42,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $166.43, for a total value of $832,150.00. Following the completion of the transaction, the chief executive officer owned 542,966 shares of the company’s stock, valued at approximately $90,365,831.38. The trade was a 0.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is owned by corporate insiders.

Generac Stock Up 2.5%

Shares of Generac stock opened at $156.58 on Tuesday. The company has a current ratio of 2.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.51. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. The company has a market cap of $9.19 billion, a P/E ratio of 29.83, a PEG ratio of 1.25 and a beta of 1.82. The company’s fifty day simple moving average is $149.92 and its two-hundred day simple moving average is $166.38.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, October 29th. The technology company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). Generac had a net margin of 6.92% and a return on equity of 17.63%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm posted $2.25 EPS. The business’s quarterly revenue was down 5.0% on a year-over-year basis. Research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GNRC shares. Roth Capital set a $184.00 price objective on Generac and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Generac in a research note on Wednesday, October 8th. Bank of America dropped their price target on Generac from $236.00 to $224.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Needham & Company LLC began coverage on Generac in a report on Monday. They set a “buy” rating and a $211.00 price objective for the company. Finally, Zacks Research upgraded shares of Generac from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Generac has a consensus rating of “Moderate Buy” and a consensus target price of $196.39.

About Generac

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.