Nwam LLC Has $768,000 Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Nwam LLC raised its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 135.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,629 shares of the technology company’s stock after purchasing an additional 3,242 shares during the quarter. Nwam LLC’s holdings in Generac were worth $768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of GNRC. ICA Group Wealth Management LLC acquired a new stake in shares of Generac during the 4th quarter worth about $27,000. BKM Wealth Management LLC bought a new stake in Generac during the fourth quarter worth about $28,000. ORG Partners LLC acquired a new stake in shares of Generac during the fourth quarter worth approximately $38,000. Quarry LP raised its stake in shares of Generac by 219.6% in the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock valued at $38,000 after acquiring an additional 202 shares during the last quarter. Finally, Pinnacle Bancorp Inc. boosted its holdings in shares of Generac by 89.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company’s stock worth $40,000 after acquiring an additional 147 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Generac Price Performance

Shares of NYSE GNRC opened at $156.49 on Friday. The company has a fifty day moving average price of $143.49 and a 200 day moving average price of $130.01. The firm has a market cap of $9.48 billion, a PE ratio of 43.11, a PEG ratio of 2.12 and a beta of 1.37. The company has a current ratio of 2.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. Generac Holdings Inc. has a 1-year low of $79.86 and a 1-year high of $161.03.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The company had revenue of $889.27 million during the quarter, compared to analysts’ expectations of $886.60 million. During the same period in the prior year, the firm earned $0.63 earnings per share. Generac’s revenue for the quarter was up .2% compared to the same quarter last year. Research analysts predict that Generac Holdings Inc. will post 6.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GNRC shares. Oppenheimer cut Generac from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 22nd. Guggenheim lowered shares of Generac from a “neutral” rating to a “sell” rating and set a $120.00 target price on the stock. in a research note on Thursday, May 30th. Janney Montgomery Scott downgraded shares of Generac from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $126.00 to $154.00 in a research note on Thursday, June 13th. Canaccord Genuity Group raised their price objective on shares of Generac from $150.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Finally, Canaccord Genuity Group upped their target price on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $142.65.

Insider Activity

In related news, insider Patrick John Forsythe sold 65,855 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $145.80, for a total transaction of $9,601,659.00. Following the completion of the transaction, the insider now owns 19,815 shares in the company, valued at $2,889,027. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Patrick John Forsythe sold 65,855 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total transaction of $9,601,659.00. Following the sale, the insider now owns 19,815 shares in the company, valued at approximately $2,889,027. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Nam Tran Nguyen sold 546 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $140.55, for a total transaction of $76,740.30. Following the completion of the transaction, the director now directly owns 3,512 shares of the company’s stock, valued at $493,611.60. The disclosure for this sale can be found here. Insiders have sold 80,785 shares of company stock worth $11,720,411 over the last ninety days. Insiders own 2.80% of the company’s stock.

About Generac

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.