Arkadios Wealth Advisors Purchases 2,615 Shares of Generac Holdings Inc. (NYSE:GNRC)

Arkadios Wealth Advisors lifted its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 51.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,656 shares of the technology company's stock after acquiring an additional 2,615 shares during the period. Arkadios Wealth Advisors' holdings in Generac were worth $1,012,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Capital World Investors purchased a new stake in Generac in the 4th quarter worth approximately $155,707,000. Norges Bank purchased a new stake in shares of Generac in the fourth quarter worth $67,253,000. Wellington Management Group LLP boosted its stake in Generac by 432.9% during the fourth quarter. Wellington Management Group LLP now owns 392,270 shares of the technology company's stock valued at $50,697,000 after buying an additional 318,664 shares during the period. DAVENPORT & Co LLC grew its position in Generac by 831.1% during the first quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company's stock worth $30,288,000 after buying an additional 214,322 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Generac in the 4th quarter worth about $17,956,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Trading Up 1.0 %

Shares of NYSE GNRC traded up $1.53 during mid-day trading on Friday, hitting $156.53. The stock had a trading volume of 466,396 shares, compared to its average volume of 974,484. The business has a 50 day moving average price of $147.60 and a two-hundred day moving average price of $136.35. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $169.57. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.25. The firm has a market cap of $9.49 billion, a P/E ratio of 42.72, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.15. The firm had revenue of $998.20 million for the quarter, compared to analysts' expectations of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.08 earnings per share. On average, equities analysts anticipate that Generac Holdings Inc. will post 6.3 EPS for the current fiscal year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred 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 owns 577,177 shares in the company, valued at approximately $76,989,640.03. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GNRC shares. JPMorgan Chase & Co. lifted their price target on Generac from $149.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, July 16th. Wells Fargo & Company boosted their price target on shares of Generac from $139.00 to $156.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 1st. StockNews.com lowered shares of Generac from a "buy" rating to a "hold" rating in a report on Tuesday. Northland Securities lifted their price objective on shares of Generac from $160.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. Finally, The Goldman Sachs Group increased their target price on Generac from $129.00 to $148.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Generac has a consensus rating of "Hold" and an average target price of $154.71.

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.