Generac Holdings Inc. (nyse:gnrc) Shares Bought By Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. grew its position in Generac Holdings Inc. (NYSE:GNRC – Free Report) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,149 shares of the technology company’s stock after purchasing an additional 5,043 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.16% of Generac worth $13,109,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Empirical Finance LLC grew its holdings in shares of Generac by 4.5% during the first quarter. Empirical Finance LLC now owns 1,748 shares of the technology company’s stock worth $220,000 after purchasing an additional 75 shares during the last quarter. Peregrine Asset Advisers Inc. grew its stake in Generac by 1.6% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 5,600 shares of the technology company’s stock worth $724,000 after buying an additional 90 shares during the last quarter. EntryPoint Capital LLC increased its position in Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after buying an additional 90 shares during the period. American International Group Inc. lifted its stake in Generac by 0.6% in the fourth quarter. American International Group Inc. now owns 16,550 shares of the technology company’s stock valued at $2,139,000 after buying an additional 93 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of Generac by 2.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,427 shares of the technology company’s stock valued at $558,000 after acquiring an additional 94 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Stock Performance

NYSE:GNRC opened at $150.46 on Friday. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $169.57. The company has a market capitalization of $9.12 billion, a P/E ratio of 41.45, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37. The company has a current ratio of 2.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $145.74 and a two-hundred day moving average price of $135.18.

Generac (NYSE:GNRC – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.15. The firm had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 EPS. As a group, research analysts expect that Generac Holdings Inc. will post 6.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GNRC has been the subject of a number of recent research reports. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 price target (up previously from $145.00) on shares of Generac in a research note on Thursday, August 1st. Canaccord Genuity Group upped their price target on Generac from $177.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Janney Montgomery Scott lowered shares of Generac from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $126.00 to $154.00 in a research report on Thursday, June 13th. Oppenheimer downgraded shares of Generac from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 22nd. Finally, Scotiabank lifted their target price on shares of Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $154.71.

Check Out Our Latest Stock Analysis on Generac

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $133.39, for a total transaction of $666,950.00. Following the completion of the sale, the chief executive officer now owns 577,177 shares in the company, valued at approximately $76,989,640.03. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.80% of the company’s stock.

Generac Profile

(Free Report)

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.

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