United Capital Financial Advisors LLC Acquires New Stake in Generac Holdings Inc. $GNRC

United Capital Financial Advisors LLC bought a new position in Generac Holdings Inc. (NYSE:GNRC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,538 shares of the technology company’s stock, valued at approximately $1,329,000.

A number of other institutional investors have also recently modified their holdings of GNRC. N.E.W. Advisory Services LLC purchased a new position in shares of Generac in the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in Generac during the 3rd quarter valued at about $26,000. Avalon Trust Co purchased a new stake in Generac during the 1st quarter valued at about $32,000. Essential Partners LLC increased its stake in 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 in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in Generac during the 2nd quarter valued at about $25,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GNRC shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Generac in a research report on Wednesday, June 3rd. Barclays reduced their price target on shares of Generac from $285.00 to $278.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Raymond James Financial set a $302.00 target price on Generac in a report on Friday, May 22nd. Stephens restated an “overweight” rating and set a $290.00 target price on shares of Generac in a research note on Thursday, May 21st. Finally, Roth Capital set a $214.00 price target on Generac in a report on Thursday, July 30th. Two 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $284.84.

Insider Activity at Generac

In other Generac news, insider Kyle Andrew Raabe sold 586 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $213.35, for a total transaction of $125,023.10. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.89, for a total transaction of $974,450.00. Following the completion of the sale, the chief executive officer owned 554,528 shares of the company’s stock, valued at $108,071,961.92. This trade represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 12,236 shares of company stock worth $2,871,273. Company insiders own 2.40% of the company’s stock.

Generac Price Performance

GNRC stock opened at $184.02 on Friday. 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 52 week low of $134.80 and a 52 week high of $296.44. The company has a fifty day simple moving average of $226.30 and a two-hundred day simple moving average of $230.15. The firm has a market capitalization of $10.86 billion, a P/E ratio of 42.40, a price-to-earnings-growth 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 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.90. Generac had a return on equity of 17.83% and a net margin of 5.82%.The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. Analysts anticipate that Generac Holdings Inc. will post 9.78 earnings per share for the current fiscal year.

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.