4,590 Shares in Generac Holdings Inc. $GNRC Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,590 shares of the technology company’s stock, valued at approximately $1,344,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nicollet Investment Management Inc. raised its stake 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 during the last quarter. Root Financial Partners LLC raised its position in shares of Generac by 32.9% in the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock worth $43,000 after acquiring an additional 54 shares during the period. Gen Wealth Partners Inc grew its holdings in Generac by 8.7% in 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 during the period. Meridian Financial Partners LLC raised its holdings in shares of Generac by 0.6% during the fourth quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company’s stock valued at $1,371,000 after acquiring an additional 61 shares during the last quarter. Finally, Essential Partners LLC boosted its position in Generac by 57.0% during the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after acquiring an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

Shares of NYSE: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 business has a 50-day moving average of $226.30 and a two-hundred day moving average of $230.15. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00. The firm has a market capitalization of $10.86 billion, a PE ratio of 42.40, a P/E/G ratio of 1.57 and a beta of 1.92.

Generac (NYSE:GNRC) last issued 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. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 earnings per share. As a group, research analysts forecast that Generac Holdings Inc. will post 9.78 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on GNRC shares. TD Cowen reaffirmed a “buy” rating on shares of Generac in a research note on Monday, July 20th. Barclays reduced their price objective on Generac from $285.00 to $278.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. DA Davidson set a $333.00 price objective on shares of Generac in a research report on Thursday, July 30th. Raymond James Financial set a $302.00 price objective on shares of Generac in a research note on Friday, May 22nd. Finally, Roth Capital set a $214.00 price objective on shares of Generac in a research note on Thursday, July 30th. Two investment 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $284.84.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the completion of the sale, the chief executive officer owned 564,528 shares in the company, valued at $153,653,231.04. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Andrew Raabe sold 586 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $213.35, for a total value of $125,023.10. Following the completion of the sale, the insider owned 10,746 shares in the company, valued at $2,292,659.10. The trade was a 5.17% 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. Insiders have sold 12,236 shares of company stock worth $2,871,273 in the last ninety days. 2.40% of the stock is owned by insiders.

Generac Company 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.