Nations Financial Group Inc. IA ADV Makes New Investment in Generac Holdings Inc. $GNRC

Nations Financial Group Inc. IA ADV bought a new stake in Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,551 shares of the technology company’s stock, valued at approximately $484,000.

Other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its stake in shares of Generac by 127.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 959,337 shares of the technology company’s stock worth $130,825,000 after acquiring an additional 536,732 shares during the last quarter. Victory Capital Management Inc. raised its stake in Generac by 17.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock valued at $355,530,000 after purchasing an additional 324,809 shares during the last quarter. Ninety One UK Ltd bought a new stake in Generac in the 3rd quarter valued at $46,910,000. Holocene Advisors LP boosted its holdings in Generac by 346.6% in the 2nd quarter. Holocene Advisors LP now owns 356,623 shares of the technology company’s stock valued at $51,072,000 after purchasing an additional 276,775 shares during the period. Finally, Merewether Investment Management LP acquired a new stake in Generac in the 2nd quarter worth $38,079,000. 84.04% of the stock is owned by institutional investors.

Insider Buying and Selling at Generac

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

Generac Stock Down 0.2%

Generac stock opened at $211.65 on Monday. The company has a 50 day moving average of $209.56 and a 200-day moving average of $178.24. The company has a quick ratio of 1.00, a current ratio of 2.03 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a twelve month low of $104.90 and a twelve month high of $241.09. The stock has a market capitalization of $12.42 billion, a PE ratio of 78.97, a price-to-earnings-growth ratio of 1.51 and a beta of 1.78.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, February 11th. The technology company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.20). The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 3.79% and a return on equity of 14.55%. The company’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.80 EPS. On average, equities research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GNRC. Citigroup lowered shares of Generac from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $207.00 to $237.00 in a report on Thursday, March 12th. Needham & Company LLC restated a “buy” rating and set a $277.00 price target on shares of Generac in a research report on Thursday, March 26th. Jefferies Financial Group started coverage on Generac in a report on Friday, March 20th. They set a “hold” rating and a $222.00 price target for the company. Stifel Nicolaus set a $235.00 price objective on Generac in a research report on Thursday, February 12th. Finally, Guggenheim reissued a “neutral” rating and issued a $202.00 price objective on shares of Generac in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Generac has a consensus rating of “Moderate Buy” and an average target price of $234.63.

About Generac

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.