SG Americas Securities LLC Buys 4,534 Shares of Generac Holdings Inc. (NYSE:GNRC)

SG Americas Securities LLC grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 45.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,582 shares of the technology company’s stock after buying an additional 4,534 shares during the period. SG Americas Securities LLC’s holdings in Generac were worth $1,885,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bartlett & Co. LLC bought a new stake in Generac during the 3rd quarter worth approximately $26,000. Headlands Technologies LLC bought a new position in shares of Generac in the third quarter worth $28,000. BKM Wealth Management LLC purchased a new stake in shares of Generac in the fourth quarter worth $28,000. Castleview Partners LLC bought a new stake in Generac during the first quarter valued at $30,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in Generac during the first quarter worth about $35,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $115.22, for a total transaction of $576,100.00. Following the transaction, the chief executive officer now directly owns 577,690 shares of the company’s stock, valued at $66,561,441.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.80% of the company’s stock.

Generac Trading Up 4.8 %

NYSE:GNRC opened at $124.54 on Thursday. The firm has a market capitalization of $7.51 billion, a P/E ratio of 37.85, a P/E/G ratio of 1.87 and a beta of 1.44. The company has a quick ratio of 0.94, a current ratio of 2.27 and a debt-to-equity ratio of 0.62. The company has a fifty day moving average of $116.41 and a 200 day moving average of $113.29. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $156.95.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.02). The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. Generac had a net margin of 5.33% and a return on equity of 14.15%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $1.78 earnings per share. On average, research analysts predict that Generac Holdings Inc. will post 6.32 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on GNRC. Robert W. Baird raised their price target on Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Stifel Nicolaus reissued a “buy” rating and issued a $135.00 price target on shares of Generac in a research note on Monday, December 4th. TD Cowen lowered their price objective on shares of Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. Guggenheim lowered shares of Generac from a “buy” rating to a “neutral” rating in a research report on Thursday, February 15th. Finally, Roth Mkm increased their target price on Generac from $105.00 to $118.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Generac has a consensus rating of “Moderate Buy” and a consensus price target of $139.79.

Generac Company 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.