Beacon Investment Advisory Services Inc. Buys 2,777 Shares of Generac Holdings Inc. $GNRC

Beacon Investment Advisory Services Inc. lifted its stake in Generac Holdings Inc. (NYSE:GNRC) by 8.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,032 shares of the technology company’s stock after buying an additional 2,777 shares during the quarter. Beacon Investment Advisory Services Inc. owned approximately 0.06% of Generac worth $10,551,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GNRC. Chesley Taft & Associates LLC bought a new position in shares of Generac during the 2nd quarter valued at about $692,000. Czech National Bank increased its holdings in shares of Generac by 4.9% in the second quarter. Czech National Bank now owns 16,756 shares of the technology company’s stock worth $4,906,000 after purchasing an additional 776 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Generac by 127.4% in the second quarter. Assenagon Asset Management S.A. now owns 30,515 shares of the technology company’s stock worth $8,935,000 after buying an additional 17,095 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Generac by 8.5% in the second quarter. GAMMA Investing LLC now owns 2,667 shares of the technology company’s stock worth $781,000 after buying an additional 210 shares in the last quarter. Finally, Grant Private Wealth Management Inc bought a new position in Generac during the second quarter valued at approximately $275,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Stock Performance

NYSE GNRC opened at $212.63 on Friday. The business’s 50 day moving average price is $244.18 and its 200-day moving average price is $226.22. Generac Holdings Inc. has a fifty-two week low of $134.80 and a fifty-two week high of $296.44. The company has a market cap of $12.55 billion, a P/E ratio of 48.99, a P/E/G ratio of 1.81 and a beta of 1.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.90. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.Generac’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the company earned $1.65 earnings per share. Sell-side analysts predict that Generac Holdings Inc. will post 9.72 earnings per share for the current year.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated 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 directly owned 554,528 shares in the company, valued at approximately $108,071,961.92. This represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total transaction of $120,356.50. Following the completion of the sale, the insider directly owned 15,508 shares in the company, valued at $3,393,615.64. This trade represents a 3.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 11,650 shares of company stock worth $2,746,250. Insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

GNRC has been the topic of a number of research reports. Argus lifted their price objective on Generac from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Needham & Company LLC increased their target price on Generac from $282.00 to $283.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. UBS Group raised their target price on shares of Generac from $335.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday. Stifel Nicolaus boosted their price target on shares of Generac from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Cantor Fitzgerald upped their price target on shares of Generac from $325.00 to $333.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Generac has an average rating of “Moderate Buy” and a consensus target price of $284.84.

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.