Generac Holdings Inc. $GNRC Shares Bought by Sigma Planning Corp

Sigma Planning Corp boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 311.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,382 shares of the technology company’s stock after purchasing an additional 4,832 shares during the period. Sigma Planning Corp’s holdings in Generac were worth $1,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new stake in shares of Generac during the 2nd quarter valued at about $25,000. MUFG Securities EMEA plc purchased a new position in Generac during the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Generac in the third quarter valued at about $26,000. Avalon Trust Co acquired a new position in shares of Generac during the 1st quarter worth about $32,000. Finally, Essential Partners LLC boosted its holdings in Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after buying an additional 61 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.89, for a total value of $974,450.00. Following the completion of the transaction, the chief executive officer owned 554,528 shares in the company, valued at approximately $108,071,961.92. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $218.83, for a total transaction of $120,356.50. Following the completion of the transaction, the insider directly owned 15,508 shares of the company’s stock, valued at $3,393,615.64. This represents a 3.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 7,236 shares of company stock valued at $1,510,373. Corporate insiders own 2.40% of the company’s stock.

Generac Stock Performance

NYSE:GNRC opened at $185.97 on Tuesday. Generac Holdings Inc. has a fifty-two week low of $134.80 and a fifty-two week high of $296.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. The company has a 50 day moving average price of $224.10 and a 200 day moving average price of $230.49. The stock has a market capitalization of $10.97 billion, a P/E ratio of 42.85, a PEG ratio of 1.57 and a beta of 1.92.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.90. Generac had a return on equity of 17.83% and a net margin of 5.82%.The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. The firm’s revenue was up 10.3% compared to the same quarter last year. Equities research analysts forecast that Generac Holdings Inc. will post 9.78 EPS for the current year.

Analyst Ratings Changes

GNRC has been the subject of a number of research analyst reports. Needham & Company LLC increased their target price on Generac from $282.00 to $283.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Stifel Nicolaus raised their price objective on Generac from $275.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Canaccord Genuity Group dropped their target price on shares of Generac from $325.00 to $275.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Cantor Fitzgerald increased their target price on shares of Generac from $325.00 to $333.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, Zacks Research raised shares of Generac from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $284.84.

About Generac

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.