Benjamin Edwards Inc. Makes New $1.36 Million Investment in Generac Holdings Inc. (NYSE:GNRC)

Benjamin Edwards Inc. acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,561 shares of the technology company's stock, valued at approximately $1,360,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sunbelt Securities Inc. increased its holdings in shares of Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Generac during the third quarter valued at $31,000. SouthState Corp bought a new stake in Generac in the 3rd quarter worth about $32,000. Capital Advisors Ltd. LLC raised its position 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 buying an additional 220 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock valued at $36,000 after acquiring an additional 97 shares during the period. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm'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 sale, the chief executive officer now 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO York A. Ragen sold 29,081 shares of the business's stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 135,613 shares in the company, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock worth $7,584,853 over the last quarter. Insiders own 2.90% of the company's stock.

Generac Trading Down 0.4 %

NYSE:GNRC traded down $0.76 during midday trading on Friday, hitting $179.22. The stock had a trading volume of 554,148 shares, compared to its average volume of 935,164. The stock has a 50-day moving average of $175.72 and a 200 day moving average of $156.38. The company has a market capitalization of $10.66 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 2.29 and a beta of 1.39. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Citigroup raised their price target on Generac from $128.00 to $172.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Truist Financial raised their price target on Generac from $170.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Roth Mkm lifted their target price on Generac from $160.00 to $175.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their target price on shares of Generac from $160.00 to $178.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Finally, Piper Sandler raised their target price on shares of Generac from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Generac presently has a consensus rating of "Moderate Buy" and an average price target of $175.30.

Generac 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.