Alaethes Wealth LLC Has $1.58 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

Alaethes Wealth LLC increased its position in Generac Holdings Inc. (NYSE:GNRC) by 2.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,968 shares of the technology company’s stock after buying an additional 256 shares during the period. Alaethes Wealth LLC’s holdings in Generac were worth $1,582,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new stake in shares of Generac during the 4th quarter worth $27,000. EntryPoint Capital LLC boosted its holdings in Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after acquiring an additional 90 shares during the period. Capital Advisors Ltd. LLC grew its position in shares of Generac by 611.1% in the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after purchasing an additional 220 shares during the last quarter. Quarry LP increased its stake in shares of Generac by 219.6% in the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after purchasing an additional 202 shares during the period. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of Generac during the 2nd quarter worth about $38,000. Institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of research analyst reports. Guggenheim lowered Generac from a “neutral” rating to a “sell” rating and set a $120.00 target price on the stock. in a report on Thursday, May 30th. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research report on Friday. JPMorgan Chase & Co. increased their price target on shares of Generac from $149.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Canaccord Genuity Group boosted their price objective on shares of Generac from $177.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 price objective (up previously from $145.00) on shares of Generac in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Generac has a consensus rating of “Hold” and an average target price of $154.71.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $133.39, for a total value of $666,950.00. Following the completion of the transaction, the chief executive officer now owns 577,177 shares in the company, valued at approximately $76,989,640.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Generac Stock Performance

NYSE:GNRC opened at $141.76 on Friday. The firm has a 50 day moving average of $149.26 and a 200-day moving average of $139.51. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $169.57. The stock has a market capitalization of $8.59 billion, a P/E ratio of 39.05, a price-to-earnings-growth ratio of 1.83 and a beta of 1.38. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The company had revenue of $998.20 million during the quarter, compared to analyst estimates of $1 billion. During the same period last year, the company posted $1.08 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 6.52 EPS for the current fiscal year.

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.