Raymond James Financial Services Advisors Inc. Raises Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Raymond James Financial Services Advisors Inc. raised its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 12.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,106 shares of the technology company’s stock after purchasing an additional 10,460 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.16% of Generac worth $11,871,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GNRC. ICA Group Wealth Management LLC acquired a new position in Generac during the 4th quarter worth $27,000. Headlands Technologies LLC acquired a new position in Generac in the third quarter worth about $28,000. BKM Wealth Management LLC acquired a new position in Generac in the fourth quarter worth about $28,000. ORG Partners LLC bought a new stake in Generac in the fourth quarter valued at about $38,000. Finally, Quarry LP raised its stake in Generac by 219.6% during the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock valued at $38,000 after buying an additional 202 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. Oppenheimer raised their price target on shares of Generac from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday. UBS Group decreased their price target on shares of Generac from $160.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Citigroup increased their price objective on shares of Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Finally, Canaccord Genuity Group lifted their target price on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $142.40.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total value of $699,750.00. Following the transaction, the chief executive officer now owns 587,177 shares of the company’s stock, valued at approximately $82,175,421.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.80% of the company’s stock.

Generac Price Performance

GNRC stock traded up $4.72 during trading hours on Friday, hitting $133.38. 1,315,710 shares of the stock traded hands, compared to its average volume of 1,356,062. The company has a current ratio of 2.29, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61. The stock has a 50-day simple moving average of $124.48 and a 200 day simple moving average of $118.20. Generac Holdings Inc. has a one year low of $79.86 and a one year high of $156.95. The company has a market cap of $8.06 billion, a P/E ratio of 36.74, a P/E/G ratio of 1.76 and a beta of 1.41.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.16. The company had revenue of $889.27 million for the quarter, compared to analysts’ expectations of $886.60 million. Generac had a net margin of 5.68% and a return on equity of 14.68%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. Equities analysts forecast that Generac Holdings Inc. will post 6.09 earnings per share for the current year.

Generac Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.