Apollon Wealth Management LLC Invests $202,000 in Generac Holdings Inc. (NYSE:GNRC)

Apollon Wealth Management LLC purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,272 shares of the technology company’s stock, valued at approximately $202,000.

Several other hedge funds also recently made changes to their positions in GNRC. EntryPoint Capital LLC boosted its position in shares of 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 purchasing an additional 90 shares in the last quarter. Sunbelt Securities Inc. boosted its position in shares of Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of Generac by 611.1% during 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 in the last quarter. Blue Trust Inc. boosted its position in shares of Generac by 73.5% during 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. Finally, Fairfield Financial Advisors LTD bought a new stake in shares of Generac during the second quarter valued at approximately $38,000. 84.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on GNRC. Stephens reiterated an “overweight” rating and set a $200.00 price objective on shares of Generac in a research note on Monday, August 5th. TD Cowen lifted their price objective on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 price objective (up previously from $145.00) on shares of Generac in a research note on Thursday, August 1st. The Goldman Sachs Group lifted their price objective on Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company lifted their price objective on Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.21.

Generac Stock Up 0.1 %

Generac stock opened at $181.95 on Tuesday. The stock has a market cap of $10.83 billion, a PE ratio of 37.89, a price-to-earnings-growth ratio of 2.23 and a beta of 1.37. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The stock has a fifty day moving average of $164.01 and a 200 day moving average of $151.96.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the business earned $1.64 earnings per share. Generac’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, sell-side analysts predict that Generac Holdings Inc. will post 6.8 EPS for the current year.

Insider Buying and Selling at Generac

In other Generac news, CFO York A. Ragen sold 29,081 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the completion of the sale, the chief financial officer now owns 135,613 shares of the company’s stock, valued at approximately $25,051,789.49. The trade was a 17.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the transaction, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,268 shares of company stock valued at $7,584,853. Company insiders own 2.90% 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.