Generac Holdings Inc. $GNRC Shares Bought by Virtu Financial LLC

Virtu Financial LLC grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 89.2% during the fourth quarter, Holdings Channel reports. The firm owned 30,377 shares of the technology company’s stock after purchasing an additional 14,321 shares during the period. Virtu Financial LLC’s holdings in Generac were worth $4,143,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GNRC. Invesco Ltd. boosted its holdings in shares of Generac by 49.9% in the 4th quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company’s stock valued at $330,557,000 after buying an additional 806,430 shares in the last quarter. Vident Advisory LLC raised its stake in Generac by 5.6% during the 4th quarter. Vident Advisory LLC now owns 2,800 shares of the technology company’s stock worth $382,000 after acquiring an additional 149 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in Generac during the 4th quarter worth $2,134,000. EP Wealth Advisors LLC purchased a new stake in Generac in the fourth quarter valued at $517,000. Finally, Mackenzie Financial Corp lifted its position in Generac by 7.4% in the fourth quarter. Mackenzie Financial Corp now owns 573,064 shares of the technology company’s stock valued at $78,847,000 after acquiring an additional 39,710 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Activity at Generac

In other news, insider Norman P. Taffe sold 550 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $272.26, for a total transaction of $149,743.00. Following the completion of the transaction, the insider directly owned 16,108 shares of the company’s stock, valued at approximately $4,385,564.08. This represents a 3.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction 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 transaction, the chief executive officer owned 564,528 shares of the company’s stock, valued at $153,653,231.04. The trade was a 0.88% 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. Insiders own 2.40% of the company’s stock.

Generac Stock Up 4.1%

Shares of NYSE:GNRC opened at $279.09 on Friday. Generac Holdings Inc. has a 1-year low of $125.80 and a 1-year high of $294.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99. The stock has a market cap of $16.43 billion, a P/E ratio of 87.49, a P/E/G ratio of 2.51 and a beta of 1.93. The firm has a fifty day moving average price of $249.92 and a 200 day moving average price of $205.34.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Bank of America dropped their price objective on Generac from $260.00 to $248.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Jefferies Financial Group reissued a “buy” rating on shares of Generac in a report on Wednesday, June 3rd. Weiss Ratings cut Generac from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Needham & Company LLC restated a “buy” rating on shares of Generac in a research note on Tuesday, June 2nd. Finally, Zacks Research lowered Generac from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.65.

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.