First Nebraska Trust Co Buys New Shares in Generac Holdings Inc. $GNRC

First Nebraska Trust Co purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 36,825 shares of the technology company’s stock, valued at approximately $10,783,000. Generac accounts for 0.9% of First Nebraska Trust Co’s investment portfolio, making the stock its 26th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of GNRC. NewEdge Advisors LLC raised its stake in shares of Generac by 6.2% in the first quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock worth $309,000 after buying an additional 142 shares during the period. Woodline Partners LP grew its stake in shares of Generac by 40.9% during the 1st quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock valued at $638,000 after acquiring an additional 1,463 shares during the period. First Trust Advisors LP increased its holdings in Generac by 27.6% in the 2nd quarter. First Trust Advisors LP now owns 101,298 shares of the technology company’s stock worth $14,507,000 after acquiring an additional 21,908 shares in the last quarter. Cerity Partners LLC increased its holdings in Generac by 1.6% in the 2nd quarter. Cerity Partners LLC now owns 50,550 shares of the technology company’s stock worth $7,239,000 after acquiring an additional 816 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Generac by 8.6% during the 2nd quarter. California Public Employees Retirement System now owns 104,246 shares of the technology company’s stock worth $14,929,000 after acquiring an additional 8,213 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Price Performance

GNRC stock opened at $206.51 on Friday. Generac Holdings Inc. has a one year low of $134.80 and a one year high of $296.44. The company’s fifty day moving average price is $233.63 and its 200-day moving average price is $229.33. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. The company has a market capitalization of $12.19 billion, a PE ratio of 47.58, a price-to-earnings-growth ratio of 1.75 and a beta of 1.92.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Needham & Company LLC lifted their price target on shares of Generac from $282.00 to $283.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Zacks Research raised shares of Generac from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Roth Capital set a $214.00 price objective on shares of Generac in a research report on Thursday, July 30th. Citigroup lifted their target price on shares of Generac from $263.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Finally, Canaccord Genuity Group dropped their target price on shares of Generac from $325.00 to $275.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Two investment 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. According to data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and an average target price of $284.84.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 564,528 shares in the company, valued at approximately $153,653,231.04. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 15,508 shares of the company’s stock, valued at approximately $3,393,615.64. The trade was a 3.43% 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 valued at $2,871,273 in the last 90 days. 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.