Resonant Capital Advisors LLC Has $396,000 Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Resonant Capital Advisors LLC increased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 29.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,492 shares of the technology company’s stock after acquiring an additional 573 shares during the period. Resonant Capital Advisors LLC’s holdings in Generac were worth $396,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. lifted its stake in shares of Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares during the period. EntryPoint Capital LLC grew its holdings in Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after acquiring an additional 90 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Generac by 73.5% in the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after purchasing an additional 97 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after buying an additional 220 shares in the last quarter. Finally, Fairfield Financial Advisors LTD acquired a new position in Generac during the 2nd quarter worth $38,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GNRC has been the topic of a number of research reports. Scotiabank upped their target price on shares of Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Roth Mkm raised their price objective on shares of Generac from $135.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Canaccord Genuity Group upped their target price on shares of Generac from $177.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. StockNews.com lowered Generac from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Northland Securities increased their target price on Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Generac has a consensus rating of “Hold” and a consensus target price of $162.45.

Generac Stock Performance

Shares of GNRC stock opened at $167.28 on Monday. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $176.14. The company’s fifty day simple moving average is $153.90 and its 200-day simple moving average is $146.13. The firm has a market cap of $10.14 billion, a PE ratio of 46.08, a P/E/G ratio of 2.22 and a beta of 1.38.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $1 billion. During the same quarter last year, the company earned $1.08 EPS. Generac’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts expect that Generac Holdings Inc. will post 6.47 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 transaction of $794,650.00. Following the transaction, the chief executive officer now directly owns 562,177 shares in the company, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

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.