Moody National Bank Trust Division Purchases Shares of 7,742 Generac Holdings Inc. $GNRC

Moody National Bank Trust Division purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 7,742 shares of the technology company’s stock, valued at approximately $2,267,000.

Several other institutional investors have also recently made changes to their positions in GNRC. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Generac in the third quarter worth $26,000. Avalon Trust Co purchased a new position in Generac during the first quarter worth about $32,000. Essential Partners LLC increased its stake in Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after acquiring an additional 61 shares during the last quarter. MUFG Securities EMEA plc bought a new position in Generac in the 2nd quarter worth about $25,000. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of Generac in the 1st quarter valued at about $36,000. Institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GNRC shares. DA Davidson set a $333.00 price target on Generac in a research report on Thursday, July 30th. Canaccord Genuity Group decreased their price objective on shares of Generac from $325.00 to $275.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Citigroup raised their target price on shares of Generac from $263.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. UBS Group lifted their target price on shares of Generac from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Stephens reissued an “overweight” rating and issued a $290.00 price target on shares of Generac in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Generac has an average rating of “Moderate Buy” and an average target price of $284.84.

Insider Activity at Generac

In other Generac news, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $256.00, for a total value of $140,800.00. Following the completion of the sale, the insider owned 15,808 shares of the company’s stock, valued at $4,046,848. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a 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, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.89, for a total transaction of $974,450.00. Following the transaction, the chief executive officer owned 554,528 shares in the company, valued at $108,071,961.92. The trade was a 0.89% decrease in their ownership of the stock. 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 ninety days, insiders sold 11,100 shares of company stock valued at $2,625,893. 2.40% of the stock is owned by insiders.

Generac Trading Up 8.9%

Shares of GNRC stock opened at $219.03 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $248.10 and a two-hundred day moving average price of $225.57. Generac Holdings Inc. has a 12-month low of $134.80 and a 12-month high of $296.44. The firm has a market cap of $12.89 billion, a P/E ratio of 50.47, a price-to-earnings-growth ratio of 1.74 and a beta of 1.92.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.01 by $0.90. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.The company’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.65 EPS. Equities analysts anticipate that Generac Holdings Inc. will post 9.63 EPS for the current fiscal 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.