3,315 Generac Holdings Inc. $GNRC Shares Acquired by Secure Asset Management LLC

Secure Asset Management LLC boosted its holdings in Generac Holdings Inc. (NYSE:GNRC) by 15.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,030 shares of the technology company’s stock after purchasing an additional 3,315 shares during the quarter. Secure Asset Management LLC’s holdings in Generac were worth $5,180,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in GNRC. BlackRock Inc. purchased a new stake in Generac in the 2nd quarter valued at about $1,170,960,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Generac by 9.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,038,493 shares of the technology company’s stock worth $202,849,000 after acquiring an additional 86,863 shares during the period. Bank of America Corp DE purchased a new position in shares of Generac during the 2nd quarter worth about $175,942,000. Park Presidio Capital LLC purchased a new position in shares of Generac during the 2nd quarter worth about $158,140,000. Finally, Amundi boosted its position in shares of Generac by 5.0% in the second quarter. Amundi now owns 454,516 shares of the technology company’s stock worth $133,087,000 after acquiring an additional 21,500 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Stock Up 0.5%

GNRC opened at $193.55 on Tuesday. Generac Holdings Inc. has a 1 year low of $134.80 and a 1 year high of $296.44. The firm has a 50 day moving average price of $202.25 and a 200 day moving average price of $227.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. The company has a market cap of $11.42 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 1.65 and a beta of 1.91.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The firm 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 company posted $1.65 earnings per share. Generac’s revenue was up 10.3% compared to the same quarter last year. Sell-side analysts expect that Generac Holdings Inc. will post 9.74 earnings per share for the current year.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $206.00, for a total transaction of $1,030,000.00. Following the transaction, the chief executive officer owned 544,528 shares in the company, valued at approximately $112,172,768. The trade was a 0.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 150 shares of the company’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $220.00, for a total transaction of $33,000.00. Following the sale, the insider directly owned 10,976 shares of the company’s stock, valued at approximately $2,414,720. This trade represents a 1.35% 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. Insiders sold 18,442 shares of company stock valued at $3,656,537 over the last 90 days. Corporate insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

GNRC has been the subject of a number of recent analyst reports. Robert W. Baird set a $305.00 target price on shares of Generac in a report on Thursday, July 30th. Wells Fargo & Company set a $280.00 price target on shares of Generac in a research note on Thursday, September 17th. DA Davidson set a $333.00 price target on shares of Generac in a report on Thursday, July 30th. Stephens reissued an “overweight” rating and set a $335.00 price objective on shares of Generac in a research note on Thursday, September 17th. Finally, Piper Sandler assumed coverage on shares of Generac in a research note on Thursday, October 8th. They set an “overweight” rating and a $303.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and an average price target of $290.55.

About Generac

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.