Private Advisor Group LLC Has $3.19 Million Stock Holdings in Generac Holdings Inc. $GNRC

Private Advisor Group LLC boosted its position in Generac Holdings Inc. (NYSE:GNRC) by 135.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,328 shares of the technology company’s stock after acquiring an additional 9,397 shares during the period. Private Advisor Group LLC’s holdings in Generac were worth $3,189,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in shares of Generac by 49.9% during the fourth quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company’s stock worth $330,557,000 after buying an additional 806,430 shares during the last quarter. Diamant Asset Management Inc. lifted its holdings in Generac by 19,433.0% in the first quarter. Diamant Asset Management Inc. now owns 666,075 shares of the technology company’s stock valued at $130,104,000 after buying an additional 662,665 shares during the period. Bank of Montreal Can boosted its stake in Generac by 1,141.1% in the fourth quarter. Bank of Montreal Can now owns 695,600 shares of the technology company’s stock valued at $94,859,000 after acquiring an additional 639,551 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Generac by 127.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 959,337 shares of the technology company’s stock valued at $130,825,000 after acquiring an additional 536,732 shares during the last quarter. Finally, Norges Bank acquired a new stake in Generac during the 4th quarter worth $68,590,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GNRC has been the subject of several recent research reports. Robert W. Baird set a $311.00 target price on shares of Generac in a research report on Thursday, April 30th. Canaccord Genuity Group lifted their price objective on Generac from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Roth Capital reiterated a “neutral” rating and issued a $257.00 price objective on shares of Generac in a report on Thursday, April 30th. JPMorgan Chase & Co. increased their target price on Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings raised Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and an average target price of $284.18.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $272.18, for a total value of $1,360,900.00. Following the completion of the sale, the chief executive officer directly owned 564,528 shares in the company, valued at $153,653,231.04. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $256.00, for a total value of $140,800.00. Following the sale, the insider directly owned 15,808 shares in the company, valued at approximately $4,046,848. This represents a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 6,100 shares of company stock valued at $1,651,443. Insiders own 2.40% of the company’s stock.

Generac Trading Up 0.5%

GNRC opened at $236.89 on Thursday. The firm’s fifty day moving average is $266.50 and its two-hundred day moving average is $216.51. The firm has a market cap of $13.95 billion, a PE ratio of 74.26, a price-to-earnings-growth ratio of 2.21 and a beta of 1.89. Generac Holdings Inc. has a twelve month low of $134.80 and a twelve month high of $296.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 2.03.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.47. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. Equities research analysts anticipate that Generac Holdings Inc. will post 8.91 EPS for the current year.

Generac 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.