Generac Holdings Inc. $GNRC Shares Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC increased its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 206.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,362 shares of the technology company’s stock after purchasing an additional 4,962 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Generac were worth $1,232,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. increased its position in Generac by 40.9% during the second quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company’s stock worth $285,338,000 after buying an additional 577,933 shares in the last quarter. Norges Bank acquired a new stake in shares of Generac during the second quarter valued at $53,138,000. Federated Hermes Inc. raised its stake in Generac by 63.5% in the 2nd quarter. Federated Hermes Inc. now owns 749,347 shares of the technology company’s stock valued at $107,314,000 after purchasing an additional 291,012 shares during the last quarter. Ninety One UK Ltd acquired a new position in Generac in the 3rd quarter valued at about $46,910,000. Finally, Holocene Advisors LP lifted 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 in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Up 2.7%

Shares of GNRC opened at $152.87 on Friday. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25. The company’s fifty day moving average is $150.07 and its two-hundred day moving average is $165.88. The firm has a market cap of $8.97 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 1.21 and a beta of 1.82. The company has a quick ratio of 1.02, a current ratio of 2.18 and a debt-to-equity ratio of 0.51.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.42). Generac had a return on equity of 17.63% and a net margin of 6.92%.The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business posted $2.25 earnings per share. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. Analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $166.43, for a total transaction of $832,150.00. Following the completion of the sale, the chief executive officer owned 542,966 shares in the company, valued at approximately $90,365,831.38. The trade was a 0.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Roth Capital set a $184.00 price target on shares of Generac and gave the stock a “neutral” rating in a report on Thursday, October 30th. Baird R W upgraded shares of Generac from a “hold” rating to a “strong-buy” rating in a research report on Friday. UBS Group cut their price target on Generac from $220.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Wells Fargo & Company set a $195.00 price target on Generac in a research note on Friday, December 19th. Finally, JPMorgan Chase & Co. raised Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price objective for the company in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.44.

Generac Company Profile

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.