Fluent Financial LLC Has $697,000 Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Fluent Financial LLC lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 116.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,389 shares of the technology company’s stock after buying an additional 2,363 shares during the quarter. Fluent Financial LLC’s holdings in Generac were worth $697,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GNRC. Capital World Investors acquired a new stake in Generac in the 4th quarter worth about $155,707,000. William Blair Investment Management LLC bought a new stake in shares of Generac in the second quarter valued at approximately $98,282,000. Wellington Management Group LLP grew its position in Generac by 432.9% during the fourth quarter. Wellington Management Group LLP now owns 392,270 shares of the technology company’s stock worth $50,697,000 after buying an additional 318,664 shares in the last quarter. DAVENPORT & Co LLC increased its stake in Generac by 831.1% during the 1st quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock worth $30,288,000 after acquiring an additional 214,322 shares during the period. Finally, Blair William & Co. IL raised its holdings in Generac by 29.2% in the 2nd quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after acquiring an additional 103,439 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Scotiabank raised their price target on Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. StockNews.com lowered shares of Generac from a “buy” rating to a “hold” rating in a research report on Thursday. Janney Montgomery Scott downgraded shares of Generac from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $126.00 to $154.00 in a research report on Thursday, June 13th. Northland Securities raised their target price on Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, TD Cowen boosted their price target on Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $154.71.

Generac Trading Up 1.4 %

Shares of Generac stock traded up $2.16 during trading on Friday, hitting $160.18. The company’s stock had a trading volume of 535,050 shares, compared to its average volume of 954,389. The stock has a market cap of $9.71 billion, a price-to-earnings ratio of 44.13, a price-to-earnings-growth ratio of 1.88 and a beta of 1.38. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $169.57. The stock has a 50-day moving average price of $148.88 and a two-hundred day moving average price of $142.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. The firm had revenue of $998.20 million for the quarter, compared to analyst estimates of $1 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 EPS. Equities research analysts anticipate that Generac Holdings Inc. will post 6.5 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the transaction, the chief executive officer now owns 562,177 shares in the company, valued at $89,346,790.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.80% of the company’s stock.

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.