Sequoia Financial Advisors LLC Invests $245,000 in Generac Holdings Inc. (NYSE:GNRC)

Sequoia Financial Advisors LLC bought a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 1,937 shares of the technology company’s stock, valued at approximately $245,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hurley Capital LLC purchased a new position in shares of Generac during the fourth quarter worth approximately $26,000. Quadrant Capital Group LLC grew its position in Generac by 61.7% in the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company’s stock valued at $35,000 after buying an additional 87 shares during the last quarter. Ostrum Asset Management purchased a new stake in shares of Generac during the 4th quarter worth $50,000. Wintrust Investments LLC boosted its position in shares of Generac by 55.1% during the 4th quarter. Wintrust Investments LLC now owns 428 shares of the technology company’s stock worth $66,000 after purchasing an additional 152 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new stake in shares of Generac during the 1st quarter worth $76,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the sale, the chief executive officer directly owned 562,966 shares of the company’s stock, valued at $80,166,358.40. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is owned by corporate insiders.

Generac Stock Performance

Generac stock opened at $152.37 on Friday. The stock has a 50 day moving average of $127.72 and a 200-day moving average of $134.69. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94. The stock has a market cap of $9.00 billion, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 1.37 and a beta of 1.72. The company has a current ratio of 1.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.27. Generac had a return on equity of 18.90% and a net margin of 7.68%. The firm had revenue of $942.12 million for the quarter, compared to analysts’ expectations of $921.78 million. During the same period last year, the business posted $0.88 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Piper Sandler cut their price target on Generac from $175.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. TD Securities dropped their price objective on shares of Generac from $173.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Citigroup raised shares of Generac from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $162.00 to $138.00 in a research note on Thursday, April 17th. TD Cowen decreased their target price on Generac from $173.00 to $155.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Finally, Wells Fargo & Company decreased their target price on Generac from $165.00 to $128.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $169.17.

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.