Benjamin F. Edwards & Company Inc. Has $1.06 Million Position in Generac Holdings Inc. (NYSE:GNRC)

Benjamin F. Edwards & Company Inc. lifted its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 4.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 8,019 shares of the technology company’s stock after buying an additional 341 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Generac were worth $1,060,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GNRC shares. The Goldman Sachs Group lifted their price target on shares of Generac from $129.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Roth Mkm upped their target price on Generac from $135.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Stifel Nicolaus restated a “buy” rating and issued a $175.00 price target (up previously from $145.00) on shares of Generac in a research report on Thursday, August 1st. Guggenheim downgraded Generac from a “neutral” rating to a “sell” rating and set a $120.00 price target for the company. in a research note on Thursday, May 30th. Finally, Northland Securities increased their price objective on shares of Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $154.71.

Generac Price Performance

Shares of GNRC opened at $146.14 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. The stock has a market cap of $8.86 billion, a PE ratio of 40.26, a PEG ratio of 1.83 and a beta of 1.38. Generac Holdings Inc. has a 12-month low of $79.86 and a 12-month high of $169.57. The business has a 50-day simple moving average of $149.09 and a two-hundred day simple moving average of $140.15.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) 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 the consensus estimate of $1 billion. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The firm’s revenue was down .2% compared to the same quarter last year. Analysts anticipate that Generac Holdings Inc. will post 6.52 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $133.39, for a total value of $666,950.00. Following the completion of the sale, the chief executive officer now directly owns 577,177 shares in the company, valued at $76,989,640.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.