Generac Holdings Inc. $GNRC Shares Bought by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV grew its stake in Generac Holdings Inc. (NYSE:GNRC) by 57.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,591 shares of the technology company’s stock after purchasing an additional 2,040 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Generac were worth $1,092,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Rockefeller Capital Management L.P. increased its holdings in shares of Generac by 53.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 22,951 shares of the technology company’s stock valued at $3,130,000 after purchasing an additional 8,026 shares in the last quarter. Meadowbrook Advisors Group LLC acquired a new stake in Generac during the fourth quarter valued at $368,000. Hsbc Holdings PLC grew its position in Generac by 42.8% during the fourth quarter. Hsbc Holdings PLC now owns 93,080 shares of the technology company’s stock valued at $12,711,000 after buying an additional 27,893 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Generac by 166.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 418 shares of the technology company’s stock valued at $57,000 after buying an additional 261 shares in the last quarter. Finally, MidFirst Bank purchased a new position in Generac in the fourth quarter valued at $580,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Stock Down 7.1%

GNRC opened at $274.57 on Wednesday. The company has a market cap of $16.16 billion, a PE ratio of 86.07, a price-to-earnings-growth ratio of 2.77 and a beta of 1.93. Generac Holdings Inc. has a twelve month low of $132.91 and a twelve month high of $296.03. The company has a 50-day moving average price of $254.57 and a 200 day moving average price of $208.06. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.33 by $0.47. Generac had a return on equity of 15.45% and a net margin of 4.37%.The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business earned $1.26 EPS. Generac’s quarterly revenue was up 12.5% on a year-over-year basis. Sell-side analysts expect that Generac Holdings Inc. will post 8.91 earnings per share for the current fiscal year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction 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. This represents a 0.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $272.26, for a total value of $149,743.00. Following the completion of the transaction, the insider owned 16,108 shares in the company, valued at $4,385,564.08. The trade was a 3.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Generac from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. Barclays upped their price target on Generac from $213.00 to $228.00 and gave the stock an “equal weight” rating in a report on Friday, March 27th. Jefferies Financial Group reiterated a “buy” rating on shares of Generac in a research report on Wednesday, June 3rd. Roth Mkm reissued a “neutral” rating and issued a $257.00 price objective on shares of Generac in a report on Thursday, April 30th. Finally, Stifel Nicolaus set a $275.00 price objective on Generac in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $278.65.

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.