Jefferies Financial Group Inc. Buys Shares of 4,590 Generac Holdings Inc. $GNRC

Jefferies Financial Group Inc. purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the 2nd quarter, Holdings Channel reports. The fund purchased 4,590 shares of the technology company’s stock, valued at approximately $1,344,000.

A number of other institutional investors have also recently bought and sold shares of GNRC. Nicollet Investment Management Inc. lifted its position in shares of Generac by 0.7% in the fourth quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock worth $1,055,000 after purchasing an additional 50 shares in the last quarter. Root Financial Partners LLC boosted its holdings in shares of Generac by 32.9% during the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock worth $43,000 after purchasing an additional 54 shares during the period. Gen Wealth Partners Inc grew its position in Generac by 8.7% during the fourth quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company’s stock valued at $92,000 after purchasing an additional 54 shares in the last quarter. Meridian Financial Partners LLC increased its stake in Generac by 0.6% in the 4th quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company’s stock valued at $1,371,000 after buying an additional 61 shares during the period. Finally, 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 valued at $33,000 after buying an additional 61 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Trading Down 6.7%

Shares of GNRC opened at $184.02 on Friday. Generac Holdings Inc. has a 12-month low of $134.80 and a 12-month high of $296.44. 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 firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 42.40, a P/E/G ratio of 1.57 and a beta of 1.92. The stock’s 50-day moving average price is $226.30 and its 200 day moving average price is $230.15.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the firm earned $1.65 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, research analysts predict that Generac Holdings Inc. will post 9.78 earnings per share for the current year.

Insiders Place Their Bets

In other Generac news, insider Kyle Andrew Raabe sold 586 shares of Generac stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $213.35, for a total transaction of $125,023.10. Following the sale, the insider directly owned 10,746 shares of the company’s stock, valued at approximately $2,292,659.10. The trade was a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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, 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 transaction, the chief executive officer directly owned 564,528 shares of the company’s stock, valued at approximately $153,653,231.04. The trade was a 0.88% 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. Insiders sold a total of 12,236 shares of company stock worth $2,871,273 over the last quarter. Company insiders own 2.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on GNRC shares. Stifel Nicolaus lifted their price objective on Generac from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Cantor Fitzgerald upped their target price on Generac from $325.00 to $333.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Raymond James Financial set a $302.00 price target on Generac in a research note on Friday, May 22nd. Roth Capital set a $214.00 price target on Generac in a report on Thursday, July 30th. Finally, UBS Group raised their price objective on shares of Generac from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and an average price target of $284.84.

About Generac

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.