CW Advisors LLC Has $10.84 Million Position in Generac Holdings Inc. $GNRC

CW Advisors LLC raised its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 70.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,656 shares of the technology company’s stock after purchasing an additional 31,357 shares during the period. CW Advisors LLC owned 0.13% of Generac worth $10,835,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GNRC. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Generac by 81.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after buying an additional 77 shares during the period. Creative Capital Management Investments LLC lifted its position in Generac by 740.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. Legend Financial Advisors Inc. acquired a new position in Generac during the 2nd quarter worth $36,000. Colonial Trust Advisors boosted its holdings in Generac by 357.1% during the first quarter. Colonial Trust Advisors now owns 320 shares of the technology company’s stock valued at $41,000 after acquiring an additional 250 shares during the period. Finally, AdvisorShares Investments LLC acquired a new stake in shares of Generac in the second quarter valued at about $44,000. Institutional investors own 84.04% of the company’s stock.

Generac Stock Up 2.6%

GNRC opened at $163.24 on Friday. The company has a market capitalization of $9.58 billion, a P/E ratio of 31.09, a P/E/G ratio of 1.59 and a beta of 1.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.18 and a quick ratio of 1.02. The firm’s fifty day moving average price is $165.74 and its two-hundred day moving average price is $161.96. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.20 billion. Generac had a return on equity of 17.63% and a net margin of 6.92%.Generac’s revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.25 earnings per share. On average, analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GNRC. Citigroup cut their price objective on Generac from $217.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Guggenheim cut their price target on Generac from $210.00 to $202.00 and set a “buy” rating for the company in a report on Thursday, October 9th. Needham & Company LLC initiated coverage on Generac in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $248.00 price objective for the company. Zacks Research downgraded shares of Generac from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. Finally, UBS Group cut their target price on shares of Generac from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $191.06.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total value of $832,150.00. Following the sale, the chief executive officer directly owned 542,966 shares in the company, valued at approximately $90,365,831.38. This represents a 0.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.70% of the company’s stock.

Generac Profile

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.