SG Americas Securities LLC Buys 10,659 Shares of Generac Holdings Inc. $GNRC

SG Americas Securities LLC raised its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 152.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,665 shares of the technology company’s stock after buying an additional 10,659 shares during the quarter. SG Americas Securities LLC’s holdings in Generac were worth $2,957,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State Street Corp lifted its position in Generac by 2.1% during the second quarter. State Street Corp now owns 2,189,927 shares of the technology company’s stock valued at $313,619,000 after purchasing an additional 45,592 shares during the last quarter. Invesco Ltd. raised its position in shares of Generac by 40.9% during the 2nd quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company’s stock valued at $285,338,000 after buying an additional 577,933 shares in the last quarter. Ariel Investments LLC lifted its holdings in shares of Generac by 11.7% in the 2nd quarter. Ariel Investments LLC now owns 1,804,595 shares of the technology company’s stock valued at $258,436,000 after acquiring an additional 188,717 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Generac by 3.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 914,905 shares of the technology company’s stock worth $131,024,000 after acquiring an additional 33,784 shares in the last quarter. Finally, Brown Advisory Inc. grew its position in Generac by 11.7% in the second quarter. Brown Advisory Inc. now owns 907,349 shares of the technology company’s stock worth $129,941,000 after acquiring an additional 95,090 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on GNRC. Barclays lifted their price objective on shares of Generac from $188.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. raised shares of Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price target for the company in a research note on Monday, December 8th. Wall Street Zen downgraded shares of Generac from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. Guggenheim decreased their price objective on shares of Generac from $210.00 to $202.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Finally, Wells Fargo & Company set a $195.00 target price on Generac in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $196.39.

Generac Stock Performance

Shares of GNRC opened at $156.58 on Tuesday. The company has a current ratio of 2.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.51. The firm has a market cap of $9.19 billion, a PE ratio of 29.83, a P/E/G ratio of 1.25 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 stock has a fifty day moving average price of $149.92 and a 200-day moving average price of $166.38.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.42). Generac had a net margin of 6.92% and a return on equity of 17.63%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company earned $2.25 earnings per share. Generac’s revenue was down 5.0% on a year-over-year basis. Equities research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $166.43, for a total value of $832,150.00. Following the sale, the chief executive officer owned 542,966 shares in the company, valued at $90,365,831.38. This trade represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.70% of the company’s stock.

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.