Wealth Enhancement Advisory Services LLC Buys 7,459 Shares of Generac Holdings Inc. $GNRC

Wealth Enhancement Advisory Services LLC raised its stake in Generac Holdings Inc. (NYSE:GNRC) by 15.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,018 shares of the technology company’s stock after purchasing an additional 7,459 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.10% of Generac worth $9,352,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. New York Life Investment Management LLC boosted its holdings in shares of Generac by 0.7% in the 2nd quarter. New York Life Investment Management LLC now owns 7,924 shares of the technology company’s stock valued at $1,135,000 after buying an additional 58 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in Generac by 21.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 331 shares of the technology company’s stock valued at $55,000 after acquiring an additional 59 shares during the last quarter. Beacon Investment Advisors LLC grew its position in shares of Generac by 0.3% in the 2nd quarter. Beacon Investment Advisors LLC now owns 26,226 shares of the technology company’s stock valued at $3,735,000 after acquiring an additional 70 shares during the period. ORG Partners LLC increased its stake in shares of Generac by 24.7% during the 3rd quarter. ORG Partners LLC now owns 369 shares of the technology company’s stock worth $62,000 after purchasing an additional 73 shares during the last quarter. Finally, Nwam LLC raised its holdings in shares of Generac by 6.7% in the 3rd quarter. Nwam LLC now owns 1,221 shares of the technology company’s stock valued at $224,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GNRC shares. Wall Street Zen cut Generac from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. Needham & Company LLC began coverage on Generac in a research note on Monday, January 12th. They set a “buy” rating and a $211.00 target price for the company. Wells Fargo & Company set a $195.00 target price on Generac in a report on Friday, December 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a report on Thursday. Finally, Citigroup upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $207.00 price objective on the stock in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.29.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $166.43, for a total transaction of $832,150.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is owned by corporate insiders.

Generac Stock Performance

Shares of NYSE GNRC opened at $172.96 on Friday. 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 firm has a market cap of $10.15 billion, a price-to-earnings ratio of 32.95, a P/E/G ratio of 1.43 and a beta of 1.82. The stock’s fifty day moving average price is $151.48 and its two-hundred day moving average price is $167.18. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $203.25.

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

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.