Arkadios Wealth Advisors Increases Stake in Generac Holdings Inc. (NYSE:GNRC)

Arkadios Wealth Advisors raised its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 51.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,656 shares of the technology company’s stock after acquiring an additional 2,615 shares during the quarter. Arkadios Wealth Advisors’ holdings in Generac were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. ICA Group Wealth Management LLC bought a new stake in Generac during the fourth quarter valued at about $27,000. EntryPoint Capital LLC raised its stake in Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after acquiring an additional 90 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after purchasing an additional 220 shares in the last quarter. Quarry LP increased 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 worth $38,000 after purchasing an additional 202 shares in the last quarter. Finally, ORG Partners LLC purchased a new position in shares of Generac during the 2nd quarter valued at $39,000. Institutional investors own 84.04% of the company’s stock.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $133.39, for a total transaction of $666,950.00. Following the transaction, the chief executive officer now directly owns 577,177 shares of the company’s stock, valued at $76,989,640.03. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

Generac Stock Up 0.6 %

NYSE GNRC traded up $0.88 on Friday, reaching $155.88. 36,717 shares of the stock traded hands, compared to its average volume of 971,924. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $169.57. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 42.72, a PEG ratio of 1.93 and a beta of 1.37. The company has a fifty day moving average price of $147.60 and a 200-day moving average price of $136.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.25.

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

Wall Street Analysts Forecast Growth

GNRC has been the subject of several research analyst reports. Piper Sandler raised their target price on shares of Generac from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Northland Securities upped their price target on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Janney Montgomery Scott cut shares of Generac from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $126.00 to $154.00 in a research note on Thursday, June 13th. Truist Financial upped their target price on shares of Generac from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, Wells Fargo & Company lifted their target price on Generac from $139.00 to $156.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $154.71.

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.