Regal Investment Advisors LLC Buys 9,893 Shares of Generac Holdings Inc. (NYSE:GNRC)

Regal Investment Advisors LLC lifted its stake in Generac Holdings Inc. (NYSE:GNRC) by 40.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,284 shares of the technology company’s stock after buying an additional 9,893 shares during the period. Regal Investment Advisors LLC owned about 0.06% of Generac worth $4,431,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Gabelli Funds LLC acquired a new position in Generac in the third quarter worth about $1,362,000. Charles Schwab Investment Management Inc. raised its position in Generac by 42.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 650,139 shares of the technology company’s stock worth $70,839,000 after purchasing an additional 194,265 shares in the last quarter. Pathstone Family Office LLC raised its position in Generac by 26.2% in the third quarter. Pathstone Family Office LLC now owns 3,853 shares of the technology company’s stock worth $420,000 after purchasing an additional 800 shares in the last quarter. Huntington National Bank raised its position in Generac by 749.3% in the third quarter. Huntington National Bank now owns 1,172 shares of the technology company’s stock worth $128,000 after purchasing an additional 1,034 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Generac by 15.4% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,515 shares of the technology company’s stock worth $1,364,000 after purchasing an additional 1,668 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $126.94, for a total value of $634,700.00. Following the sale, the chief executive officer now owns 592,177 shares of the company’s stock, valued at approximately $75,170,948.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Generac news, insider Patrick John Forsythe sold 65,855 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of the transaction, the insider now directly owns 19,815 shares in the company, valued at $2,889,027. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $126.94, for a total value of $634,700.00. Following the sale, the chief executive officer now owns 592,177 shares in the company, valued at approximately $75,170,948.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,785 shares of company stock valued at $11,688,161. Company insiders own 2.80% of the company’s stock.

Generac Stock Down 1.3 %

Shares of NYSE GNRC traded down $1.78 during mid-day trading on Friday, reaching $138.25. 532,619 shares of the company’s stock were exchanged, compared to its average volume of 805,371. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $156.95. The company has a current ratio of 2.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 38.09, a PEG ratio of 1.89 and a beta of 1.44. The business has a fifty day simple moving average of $138.69 and a 200 day simple moving average of $126.13.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The firm had revenue of $889.27 million for the quarter, compared to analyst estimates of $886.60 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The business’s revenue was up .2% on a year-over-year basis. As a group, equities analysts expect that Generac Holdings Inc. will post 6.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GNRC shares. Robert W. Baird raised their price objective on shares of Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Citigroup raised their price objective on shares of Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. UBS Group dropped their price objective on shares of Generac from $160.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Roth Mkm raised their price objective on shares of Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Finally, Oppenheimer lowered shares of Generac from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 22nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $141.05.

About Generac

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.