Ascent Group LLC Has $451,000 Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Ascent Group LLC grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 12.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,575 shares of the technology company’s stock after purchasing an additional 385 shares during the period. Ascent Group LLC’s holdings in Generac were worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GNRC. BOKF NA grew its position in Generac by 18.0% in the 1st quarter. BOKF NA now owns 7,826 shares of the technology company’s stock valued at $997,000 after purchasing an additional 1,191 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Generac by 379,978.6% in the first quarter. Lazard Asset Management LLC now owns 53,211 shares of the technology company’s stock valued at $6,712,000 after buying an additional 53,197 shares in the last quarter. Epoch Investment Partners Inc. acquired a new position in shares of Generac during the first quarter valued at about $1,053,000. Capital World Investors increased its position in shares of Generac by 2.1% during the first quarter. Capital World Investors now owns 1,230,434 shares of the technology company’s stock worth $155,207,000 after acquiring an additional 25,646 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of Generac by 7.6% in the 1st quarter. Toronto Dominion Bank now owns 32,622 shares of the technology company’s stock worth $4,115,000 after acquiring an additional 2,294 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Canaccord Genuity Group boosted their price objective on Generac from $150.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Truist Financial increased their price target on Generac from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Oppenheimer cut Generac from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 22nd. Guggenheim lowered shares of Generac from a “neutral” rating to a “sell” rating and set a $120.00 target price for the company. in a research note on Thursday, May 30th. Finally, Roth Mkm raised their price target on shares of Generac from $135.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $144.74.

Generac Stock Performance

Shares of GNRC traded down $0.17 during trading hours on Tuesday, hitting $155.25. The company’s stock had a trading volume of 298,198 shares, compared to its average volume of 987,864. The company has a market cap of $9.41 billion, a price-to-earnings ratio of 42.82, a PEG ratio of 2.16 and a beta of 1.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.29 and a quick ratio of 0.97. The business has a 50 day simple moving average of $144.89 and a two-hundred day simple moving average of $131.58. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $161.80.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) 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 business had revenue of $889.27 million for the quarter, compared to analysts’ expectations of $886.60 million. During the same quarter in the previous year, the firm posted $0.63 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts expect that Generac Holdings Inc. will post 6.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $133.39, for a total transaction of $666,950.00. Following the sale, the chief executive officer now directly owns 577,177 shares in the company, valued at $76,989,640.03. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $133.39, for a total transaction of $666,950.00. Following the completion of the transaction, the chief executive officer now directly owns 577,177 shares in the company, valued at approximately $76,989,640.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nam Tran Nguyen sold 546 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $140.55, for a total transaction of $76,740.30. Following the transaction, the director now owns 3,512 shares of the company’s stock, valued at $493,611.60. The disclosure for this sale can be found here. Insiders sold a total of 80,785 shares of company stock worth $11,720,411 in the last quarter. 2.80% of the stock is owned by company insiders.

Generac Profile

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.