Global Financial Private Capital LLC Purchases Shares of 43,894 Generac Holdings Inc. (NYSE:GNRC)

Global Financial Private Capital LLC bought a new position in Generac Holdings Inc. (NYSE:GNRC) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 43,894 shares of the technology company’s stock, valued at approximately $2,476,000. Global Financial Private Capital LLC owned approximately 0.07% of Generac at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. grew its holdings in Generac by 1.2% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 78,857 shares of the technology company’s stock valued at $4,079,000 after buying an additional 958 shares in the last quarter. Wellington Shields Capital Management LLC grew its holdings in Generac by 15.9% during the 2nd quarter. Wellington Shields Capital Management LLC now owns 7,300 shares of the technology company’s stock valued at $378,000 after buying an additional 1,000 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Generac by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 7,870 shares of the technology company’s stock valued at $407,000 after buying an additional 1,081 shares in the last quarter. Amalgamated Bank grew its holdings in Generac by 13.9% during the 2nd quarter. Amalgamated Bank now owns 9,249 shares of the technology company’s stock valued at $478,000 after buying an additional 1,130 shares in the last quarter. Finally, Colony Group LLC grew its holdings in Generac by 3.4% during the 2nd quarter. Colony Group LLC now owns 34,808 shares of the technology company’s stock valued at $1,801,000 after buying an additional 1,145 shares in the last quarter. 94.88% of the stock is owned by institutional investors.

In other news, CEO Aaron Jagdfeld sold 20,000 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $54.70, for a total transaction of $1,094,000.00. Following the transaction, the chief executive officer now owns 843,971 shares in the company, valued at $46,165,213.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Patrick John Forsythe sold 45,150 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $57.05, for a total value of $2,575,807.50. Following the transaction, the executive vice president now owns 25,835 shares in the company, valued at approximately $1,473,886.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 141,150 shares of company stock worth $7,794,048. Insiders own 3.00% of the company’s stock.

Shares of Generac stock traded down $0.72 during trading on Monday, hitting $56.20. 533,600 shares of the stock traded hands, compared to its average volume of 487,815. The firm has a market cap of $3.53 billion, a P/E ratio of 16.61, a P/E/G ratio of 1.88 and a beta of 1.35. The company has a current ratio of 1.88, a quick ratio of 0.98 and a debt-to-equity ratio of 1.23. Generac Holdings Inc. has a 52-week low of $42.96 and a 52-week high of $60.70.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Thursday, November 1st. The technology company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.08 by $0.35. The firm had revenue of $559.52 million for the quarter, compared to analyst estimates of $502.94 million. Generac had a return on equity of 47.44% and a net margin of 12.45%. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 earnings per share. Analysts forecast that Generac Holdings Inc. will post 4.66 earnings per share for the current year.

A number of research analysts recently weighed in on GNRC shares. ValuEngine raised shares of Generac from a “sell” rating to a “hold” rating in a report on Friday, November 16th. Robert W. Baird raised their target price on shares of Generac from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Goldman Sachs Group raised shares of Generac from a “sell” rating to a “neutral” rating in a report on Thursday, October 18th. KeyCorp raised their target price on shares of Generac from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, September 13th. Finally, Canaccord Genuity raised their price target on Generac from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $56.98.

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Generac Company Profile

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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