Sequoia Financial Advisors LLC Purchases New Position in Generac Holdings Inc. (NYSE:GNRC)

Sequoia Financial Advisors LLC acquired a new position in Generac Holdings Inc. (NYSE:GNRC) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,937 shares of the technology company’s stock, valued at approximately $245,000.

A number of other large investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. bought a new position in Generac during the fourth quarter valued at $297,000. Jones Financial Companies Lllp lifted its position in Generac by 84.0% during the fourth quarter. Jones Financial Companies Lllp now owns 4,840 shares of the technology company’s stock valued at $750,000 after purchasing an additional 2,210 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Generac by 3.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,206 shares of the technology company’s stock valued at $1,582,000 after purchasing an additional 298 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Generac by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company’s stock valued at $86,516,000 after purchasing an additional 2,015 shares during the last quarter. Finally, Atria Investments Inc lifted its position in Generac by 19.1% during the fourth quarter. Atria Investments Inc now owns 2,828 shares of the technology company’s stock valued at $438,000 after purchasing an additional 453 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

GNRC opened at $152.37 on Friday. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $195.94. The company has a current ratio of 1.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $9.00 billion, a PE ratio of 26.55, a P/E/G ratio of 1.37 and a beta of 1.72. The firm has a 50 day moving average of $127.72 and a two-hundred day moving average of $134.69.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.27. The firm had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. Generac had a net margin of 7.68% and a return on equity of 18.90%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. On average, analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GNRC. Stephens reissued an “overweight” rating and issued a $175.00 target price on shares of Generac in a research note on Tuesday, May 27th. Piper Sandler reduced their price target on shares of Generac from $175.00 to $155.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Bank of America assumed coverage on shares of Generac in a research note on Monday, March 24th. They issued a “buy” rating and a $182.00 price target on the stock. Guggenheim raised shares of Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. Finally, Citigroup raised shares of Generac from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $162.00 to $138.00 in a research note on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $169.17.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the sale, the chief executive officer owned 562,966 shares of the company’s stock, valued at approximately $80,166,358.40. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by company insiders.

About Generac

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.