Beacon Investment Advisors LLC Increases Stake in Generac Holdings Inc. (NYSE:GNRC)

Beacon Investment Advisors LLC boosted its stake in Generac Holdings Inc. (NYSE:GNRCFree Report) by 29.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,973 shares of the technology company’s stock after acquiring an additional 5,877 shares during the period. Generac accounts for 2.1% of Beacon Investment Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Beacon Investment Advisors LLC’s holdings in Generac were worth $3,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Ariel Investments LLC boosted its holdings in shares of Generac by 14.9% during the 3rd quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock worth $219,047,000 after buying an additional 261,050 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Generac by 9.9% during the 3rd quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock worth $177,956,000 after buying an additional 147,523 shares in the last quarter. Capital World Investors bought a new position in shares of Generac during the 4th quarter worth approximately $155,707,000. Northern Trust Corp boosted its holdings in shares of Generac by 9.0% during the 3rd quarter. Northern Trust Corp now owns 673,384 shares of the technology company’s stock worth $73,372,000 after buying an additional 55,812 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Generac by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 665,629 shares of the technology company’s stock worth $86,026,000 after buying an additional 15,490 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Citigroup upped their target price on Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Oppenheimer lowered Generac from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 22nd. TD Cowen lowered their target price on Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. Guggenheim lowered Generac from a “neutral” rating to a “sell” rating and set a $120.00 target price on the stock. in a research report on Thursday, May 30th. Finally, Roth Mkm upped their target price on Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $141.05.

Get Our Latest Analysis on Generac

Generac Price Performance

NYSE GNRC traded down $1.78 during trading hours on Friday, hitting $138.25. The company had a trading volume of 532,619 shares, compared to its average volume of 805,371. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $156.95. The firm has a 50 day simple moving average of $138.69 and a 200 day simple moving average of $126.04. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.29. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 38.07, a PEG ratio of 1.92 and a beta of 1.44.

Generac (NYSE:GNRCGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The firm had revenue of $889.27 million for the quarter, compared to analysts’ expectations of $886.60 million. During the same quarter last year, the firm posted $0.63 EPS. The company’s revenue was up .2% compared to the same quarter last year. Equities research analysts expect that Generac Holdings Inc. will post 6.08 earnings per share for the current year.

Insider Buying and Selling at Generac

In other Generac news, insider Patrick John Forsythe sold 65,855 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total value of $9,601,659.00. Following the sale, the insider now owns 19,815 shares of the company’s stock, valued at approximately $2,889,027. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Patrick John Forsythe sold 65,855 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total transaction of $9,601,659.00. Following the transaction, the insider now directly owns 19,815 shares of the company’s stock, valued at approximately $2,889,027. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Nam Tran Nguyen sold 546 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $140.55, for a total value of $76,740.30. Following the transaction, the director now directly owns 3,512 shares in the company, valued at $493,611.60. The disclosure for this sale can be found here. Insiders have sold a total of 80,785 shares of company stock valued at $11,688,161 in the last 90 days. Corporate insiders own 2.80% of the company’s stock.

Generac Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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