9,772 Shares in Generac Holdings Inc. $GNRC Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC bought a new stake in Generac Holdings Inc. (NYSE:GNRC) in the 2nd quarter, Holdings Channel.com reports. The firm bought 9,772 shares of the technology company’s stock, valued at approximately $1,930,000.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Generac during the second quarter worth about $1,170,960,000. Invesco Ltd. grew its holdings in Generac by 49.9% during the fourth quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company’s stock worth $330,557,000 after acquiring an additional 806,430 shares during the period. Diamant Asset Management Inc. grew its stake in shares of Generac by 19,433.0% during the 1st quarter. Diamant Asset Management Inc. now owns 666,075 shares of the technology company’s stock worth $130,104,000 after purchasing an additional 662,665 shares during the period. Bank of Montreal Can increased its holdings in Generac by 1,141.1% in the fourth quarter. Bank of Montreal Can now owns 695,600 shares of the technology company’s stock valued at $94,859,000 after buying an additional 639,551 shares in the last quarter. Finally, Norges Bank purchased a new position in Generac in the 4th quarter valued at approximately $68,590,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Trading Down 0.7%

NYSE:GNRC opened at $210.04 on Thursday. The business has a 50 day simple moving average of $235.76 and a 200 day simple moving average of $229.21. The firm has a market capitalization of $12.39 billion, a P/E ratio of 48.40, a P/E/G ratio of 1.80 and a beta of 1.92. 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 12-month low of $134.80 and a 12-month high of $296.44.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Generac from $229.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Citigroup raised their price target on Generac from $263.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Needham & Company LLC boosted their price objective on shares of Generac from $282.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Raymond James Financial set a $302.00 target price on Generac in a report on Friday, May 22nd. Finally, Stephens reiterated an “overweight” rating and issued a $290.00 price target on shares of Generac in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $284.84.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $272.18, for a total value of $1,360,900.00. Following the completion of the sale, the chief executive officer directly owned 564,528 shares in the company, valued at $153,653,231.04. This represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Andrew Raabe sold 586 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $213.35, for a total value of $125,023.10. Following the completion of the sale, the insider owned 10,746 shares of the company’s stock, valued at approximately $2,292,659.10. This trade represents a 5.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 12,236 shares of company stock valued at $2,871,273. Company insiders own 2.40% of the company’s stock.

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.