SG Americas Securities LLC Purchases 22,178 Shares of Generac Holdings Inc. $GNRC

SG Americas Securities LLC raised its position in Generac Holdings Inc. (NYSE:GNRC) by 125.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 39,843 shares of the technology company’s stock after purchasing an additional 22,178 shares during the period. SG Americas Securities LLC’s holdings in Generac were worth $5,433,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GNRC. Invesco Ltd. grew its holdings in shares of Generac by 40.9% in the second quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company’s stock valued at $285,338,000 after acquiring an additional 577,933 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Generac during the third quarter valued at approximately $70,744,000. Norges Bank bought a new stake in Generac during the second quarter worth $53,138,000. Victory Capital Management Inc. boosted its position in Generac by 17.9% in the third quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock worth $355,530,000 after purchasing an additional 324,809 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in Generac by 63.5% in the second quarter. Federated Hermes Inc. now owns 749,347 shares of the technology company’s stock worth $107,314,000 after purchasing an additional 291,012 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GNRC shares. Wells Fargo & Company raised their target price on Generac from $234.00 to $238.00 and gave the company an “overweight” rating in a research report on Thursday, March 26th. Barclays boosted their price target on shares of Generac from $213.00 to $228.00 and gave the stock an “equal weight” rating in a report on Friday, March 27th. Weiss Ratings restated a “hold (c)” rating on shares of Generac in a report on Thursday, January 22nd. JPMorgan Chase & Co. raised shares of Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price objective on the stock in a research report on Monday, December 8th. Finally, UBS Group reiterated a “buy” rating and issued a $270.00 target price on shares of Generac in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $229.94.

Insider Buying and Selling at Generac

In other news, CFO York A. Ragen sold 24,362 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total value of $5,739,930.82. Following the sale, the chief financial officer owned 137,182 shares of the company’s stock, valued at $32,321,451.02. The trade was a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.70% of the stock is owned by insiders.

Generac Stock Up 1.9%

Shares of NYSE GNRC opened at $198.99 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.03 and a quick ratio of 1.00. The stock has a market capitalization of $11.68 billion, a PE ratio of 74.25, a P/E/G ratio of 1.39 and a beta of 1.78. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $241.09. The business’s fifty day moving average price is $202.45 and its 200-day moving average price is $175.87.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.20). The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 3.79% and a return on equity of 14.55%. The company’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.80 earnings per share. On average, equities research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

About Generac

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.