United Capital Financial Advisors LLC Invests $1.33 Million in Generac Holdings Inc. $GNRC

United Capital Financial Advisors LLC acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 4,538 shares of the technology company’s stock, valued at approximately $1,329,000.

Several other large investors have also modified their holdings of the business. Equitable Holdings Inc. bought a new position in shares of Generac during the second quarter valued at approximately $4,208,000. Centaurus Financial Inc. purchased a new stake in Generac during the second quarter worth $206,000. Coastal Bridge Advisors LLC bought a new stake in Generac during the 2nd quarter valued at $254,000. Jefferies Financial Group Inc. purchased a new position in shares of Generac in the 2nd quarter valued at $1,344,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Generac in the 2nd quarter valued at $4,831,000. Institutional investors own 84.04% of the company’s stock.

Generac Trading Down 6.7%

Shares of NYSE:GNRC opened at $184.02 on Friday. The business’s 50-day moving average is $226.30 and its 200 day moving average is $230.15. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00. Generac Holdings Inc. has a 1 year low of $134.80 and a 1 year high of $296.44. The firm has a market capitalization of $10.86 billion, a P/E ratio of 42.40, a P/E/G ratio of 1.57 and a beta of 1.92.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.90. Generac had a return on equity of 17.83% and a net margin of 5.82%.The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company earned $1.65 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. On average, research analysts predict that Generac Holdings Inc. will post 9.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GNRC. UBS Group upped their price objective on Generac from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded shares of Generac from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Zacks Research raised shares of Generac from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. DA Davidson set a $333.00 price target on shares of Generac in a report on Thursday, July 30th. Finally, Robert W. Baird set a $305.00 price objective on shares of Generac in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $284.84.

Insider Buying and Selling

In other Generac news, insider Norman P. Taffe sold 550 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $218.83, for a total value of $120,356.50. Following the completion of the transaction, the insider owned 15,508 shares of the company’s stock, valued at approximately $3,393,615.64. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.89, for a total transaction of $974,450.00. Following the sale, the chief executive officer owned 554,528 shares of the company’s stock, valued at $108,071,961.92. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,236 shares of company stock worth $2,871,273 in the last three months. Corporate insiders own 2.40% of the company’s stock.

About Generac

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.