Millennium Capital Advisors LLC Purchases Shares of 2,766 Generac Holdings Inc. $GNRC

Millennium Capital Advisors LLC acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,766 shares of the technology company’s stock, valued at approximately $377,000.

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Generac during the third quarter worth $26,000. Sentry Investment Management LLC increased its position in shares of Generac by 69.8% during the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after buying an additional 67 shares during the period. First Horizon Corp acquired a new stake in shares of Generac during the third quarter worth $28,000. MUFG Securities EMEA plc acquired a new stake in shares of Generac during the second quarter worth $25,000. Finally, Quent Capital LLC acquired a new stake in shares of Generac during the third quarter worth $41,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Generac

In related news, CFO York A. Ragen sold 24,362 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the transaction, the chief financial officer directly owned 137,182 shares of the company’s stock, valued at $32,321,451.02. This represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GNRC shares. Zacks Research upgraded shares of Generac from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Stephens reiterated an “overweight” rating and set a $290.00 price objective on shares of Generac in a research report on Friday, May 1st. Jefferies Financial Group started coverage on shares of Generac in a research report on Friday, March 20th. They set a “hold” rating and a $222.00 price objective for the company. Roth Mkm reiterated a “neutral” rating and set a $257.00 price objective on shares of Generac in a research report on Thursday, April 30th. Finally, Stifel Nicolaus set a $275.00 price objective on shares of Generac in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Generac presently has an average rating of “Moderate Buy” and a consensus target price of $270.31.

Generac Stock Down 4.4%

Shares of NYSE GNRC opened at $264.31 on Friday. The firm has a market cap of $15.56 billion, a PE ratio of 82.86, a P/E/G ratio of 2.47 and a beta of 1.93. Generac Holdings Inc. has a 12-month low of $118.09 and a 12-month high of $276.80. The company’s fifty day simple moving average is $218.65 and its 200 day simple moving average is $186.67. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.47. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. Generac’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 earnings per share. As a group, sell-side analysts forecast that Generac Holdings Inc. will post 8.91 earnings per share for the current fiscal year.

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.