ZWJ Investment Counsel Inc. Buys 6,010 Shares of Generac Holdings Inc. $GNRC

ZWJ Investment Counsel Inc. increased its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 28.1% in the third quarter, HoldingsChannel.com reports. The firm owned 27,435 shares of the technology company’s stock after buying an additional 6,010 shares during the period. ZWJ Investment Counsel Inc.’s holdings in Generac were worth $5,678,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new position in Generac during the second quarter worth $25,000. Avalon Trust Co purchased a new position in shares of Generac during the first quarter worth $32,000. Essential Partners LLC boosted its position in shares of Generac by 57.0% during the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after buying an additional 61 shares during the period. Continuum Advisory LLC purchased a new position in shares of Generac during the second quarter worth $51,000. Finally, Fiduciary Financial Advisors acquired a new stake in shares of Generac in the second quarter valued at $50,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $206.00, for a total transaction of $1,030,000.00. Following the completion of the transaction, the chief executive officer owned 544,528 shares in the company, valued at approximately $112,172,768. The trade was a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman Taffe sold 150 shares of the business’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $220.00, for a total transaction of $33,000.00. Following the transaction, the insider owned 10,976 shares of the company’s stock, valued at approximately $2,414,720. The trade was a 1.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 18,442 shares of company stock valued at $3,656,537. Insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GNRC shares. Canaccord Genuity Group boosted their price objective on Generac from $275.00 to $375.00 and gave the company a “buy” rating in a report on Thursday, September 17th. TD Cowen raised Generac to a “strong-buy” rating in a research note on Monday, October 5th. UBS Group restated a “buy” rating on shares of Generac in a report on Friday, September 25th. HSBC cut Generac to a “hold” rating and set a $333.00 target price for the company. in a report on Thursday, September 17th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Generac in a research report on Thursday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.55.

Generac Stock Down 7.6%

Shares of Generac stock opened at $197.93 on Thursday. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. Generac Holdings Inc. has a 52-week low of $134.80 and a 52-week high of $296.44. The company has a market capitalization of $11.68 billion, a P/E ratio of 45.61, a P/E/G ratio of 1.83 and a beta of 1.91. The company has a 50 day moving average of $203.15 and a 200 day moving average of $227.04.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the firm posted $1.65 EPS. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, research analysts forecast that Generac Holdings Inc. will post 9.74 EPS for the current fiscal year.

About Generac

Generac Holdings Inc is an energy technology company that designs and manufactures power generation equipment, energy storage systems and other products intended to provide backup and distributed energy solutions. Its offerings serve residential, commercial, industrial and other users seeking standby power, portable power or greater control over energy use.

The company’s product portfolio includes home standby generators, portable generators, commercial and industrial generators, mobile power equipment, engines and related transfer switches and controls.