Pinnacle Financial Partners Inc Has $9.72 Million Holdings in Generac Holdings Inc. $GNRC

Pinnacle Financial Partners Inc raised its stake in Generac Holdings Inc. (NYSE:GNRC) by 6.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,081 shares of the technology company’s stock after purchasing an additional 3,530 shares during the period. Pinnacle Financial Partners Inc owned approximately 0.10% of Generac worth $9,723,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GNRC. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Generac by 81.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock valued at $25,000 after buying an additional 77 shares during the period. MUFG Securities EMEA plc acquired a new position in Generac in the 2nd quarter valued at approximately $25,000. First Horizon Corp bought a new stake in shares of Generac in the 3rd quarter worth approximately $28,000. Creative Capital Management Investments LLC lifted its position in shares of Generac by 740.7% in the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock worth $33,000 after acquiring an additional 200 shares during the period. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of Generac during the 2nd quarter worth approximately $36,000. Institutional investors own 84.04% of the company’s stock.

Generac Price Performance

NYSE:GNRC opened at $160.99 on Friday. The company has a quick ratio of 1.02, a current ratio of 2.18 and a debt-to-equity ratio of 0.51. The firm has a market cap of $9.45 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 1.32 and a beta of 1.82. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The company’s 50-day moving average price is $150.25 and its two-hundred day moving average price is $166.53.

Generac (NYSE:GNRC) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business posted $2.25 EPS. The business’s quarterly revenue was down 5.0% on a year-over-year basis. On average, equities analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total value of $832,150.00. Following the completion of the transaction, 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 SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Zacks Research upgraded Generac from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Baird R W upgraded shares of Generac from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Roth Capital set a $184.00 price objective on shares of Generac and gave the stock a “neutral” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Generac in a research note on Wednesday, October 8th. Finally, UBS Group dropped their price target on shares of Generac from $220.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.94.

Generac 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.