4,017 Shares in Generac Holdings Inc. $GNRC Acquired by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,017 shares of the technology company’s stock, valued at approximately $861,000.

Other hedge funds have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new stake in shares of Generac in the 2nd quarter valued at $25,000. Avalon Trust Co bought a new position in shares of Generac during the 1st quarter valued at $32,000. Essential Partners LLC grew its holdings in shares of Generac by 57.0% during the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after purchasing an additional 61 shares during the last quarter. Continuum Advisory LLC purchased a new position in Generac in the 2nd quarter worth $51,000. Finally, Fiduciary Financial Advisors purchased a new position in Generac in the 2nd quarter worth $50,000. 84.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GNRC has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating on shares of Generac in a research note on Thursday, September 17th. Robert W. Baird set a $305.00 price target on shares of Generac in a research report on Thursday, July 30th. Weiss Ratings raised Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Wells Fargo & Company set a $280.00 price objective on Generac in a report on Thursday, September 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $283.00 price objective on shares of Generac in a report on Thursday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $290.55.

Generac Trading Up 0.9%

Shares of Generac stock traded up $1.75 on Monday, hitting $194.43. The stock had a trading volume of 291,377 shares, compared to its average volume of 1,087,010. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. Generac Holdings Inc. has a one year low of $134.80 and a one year high of $296.44. The stock’s 50-day simple moving average is $202.50 and its two-hundred day simple moving average is $227.12. The stock has a market cap of $11.47 billion, a price-to-earnings ratio of 44.80, a PEG ratio of 1.65 and a beta of 1.91.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.90. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. Generac had a net margin of 5.82% and a return on equity of 17.83%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.65 EPS. As a group, sell-side analysts predict that Generac Holdings Inc. will post 9.74 EPS for the current year.

Insider Buying and Selling at Generac

In other Generac news, insider Norman Taffe sold 550 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $218.83, for a total value of $120,356.50. Following the transaction, the insider owned 15,508 shares in the company, valued at approximately $3,393,615.64. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.89, for a total transaction of $974,450.00. Following the transaction, the chief executive officer directly owned 554,528 shares of the company’s stock, valued at approximately $108,071,961.92. This trade represents a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 18,442 shares of company stock worth $3,656,537. 2.40% of the stock is currently owned by company insiders.

Generac Profile

Generac Holdings Inc is a technology and energy solutions company that designs and manufactures power generation equipment and other energy-related products. Its offerings include standby and portable generators, commercial and industrial power systems, energy storage solutions, and products that help customers manage and monitor energy use.

The company serves residential, commercial, industrial, and utility customers. Its products are used for backup power, prime power, and distributed energy applications across homes, businesses, data centers, healthcare facilities, construction sites, and other critical operations.