Focus Partners Advisor Solutions LLC Acquires Shares of 2,579 Generac Holdings Inc. $GNRC

Focus Partners Advisor Solutions LLC bought a new position in Generac Holdings Inc. (NYSE:GNRC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,579 shares of the technology company’s stock, valued at approximately $419,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Wilmington Savings Fund Society FSB raised its holdings in shares of Generac by 21.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 331 shares of the technology company’s stock worth $55,000 after acquiring an additional 59 shares in the last quarter. Sentry Investment Management LLC increased its position in Generac by 69.8% in the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after purchasing an additional 67 shares during the last quarter. Beacon Investment Advisors LLC increased its position in Generac by 0.3% in the 2nd quarter. Beacon Investment Advisors LLC now owns 26,226 shares of the technology company’s stock worth $3,735,000 after purchasing an additional 70 shares during the last quarter. ORG Partners LLC raised its stake in shares of Generac by 24.7% during the 3rd quarter. ORG Partners LLC now owns 369 shares of the technology company’s stock worth $62,000 after purchasing an additional 73 shares in the last quarter. Finally, Argent Trust Co raised its stake in shares of Generac by 2.3% during the 3rd quarter. Argent Trust Co now owns 3,272 shares of the technology company’s stock worth $548,000 after purchasing an additional 73 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Generac in a research note on Thursday, January 22nd. Robert W. Baird set a $292.00 price objective on shares of Generac in a research report on Thursday, February 12th. Citigroup upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $207.00 target price for the company in a research note on Thursday, January 8th. Roth Mkm restated a “neutral” rating and set a $220.00 price target on shares of Generac in a research note on Thursday, February 12th. Finally, Barclays raised their price target on shares of Generac from $186.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Generac has an average rating of “Moderate Buy” and an average target price of $220.19.

Generac Stock Up 1.4%

Shares of GNRC stock opened at $206.94 on Tuesday. The stock’s 50 day simple moving average is $185.65 and its 200 day simple moving average is $173.84. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $241.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03. The company has a market capitalization of $12.14 billion, a price-to-earnings ratio of 77.22, a PEG ratio of 1.49 and a beta of 1.74.

Generac (NYSE:GNRC) last announced its earnings results 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). Generac had a return on equity of 14.55% and a net margin of 3.79%.The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the company earned $2.80 EPS. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, research analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Buying and Selling at Generac

In related news, CFO York A. Ragen sold 24,362 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the completion of the sale, the chief financial officer directly owned 137,182 shares of the company’s stock, valued at approximately $32,321,451.02. This represents a 15.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.70% of the company’s stock.

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.