Prospera Financial Services Inc Raises Position in Generac Holdings Inc. (NYSE:GNRC)

Prospera Financial Services Inc raised its position in Generac Holdings Inc. (NYSE:GNRC) by 3.4% during the third quarter, Holdings Channel.com reports. The fund owned 3,339 shares of the technology company’s stock after purchasing an additional 109 shares during the quarter. Prospera Financial Services Inc’s holdings in Generac were worth $530,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Empirical Finance LLC increased its position in shares of Generac by 4.1% in the third quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock valued at $268,000 after acquiring an additional 66 shares during the period. Duncker Streett & Co. Inc. increased its position in shares of Generac by 2.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock valued at $388,000 after acquiring an additional 68 shares during the period. Johnson Investment Counsel Inc. increased its position in shares of Generac by 0.3% during the second quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock valued at $2,981,000 after buying an additional 75 shares during the period. Nicollet Investment Management Inc. increased its position in shares of Generac by 1.1% during the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock valued at $1,250,000 after buying an additional 82 shares during the period. Finally, EntryPoint Capital LLC increased its position in shares of Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Activity

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the transaction, the executive vice president now directly owns 10,738 shares of the company’s stock, valued at $1,971,282.04. The trade was a 22.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $166.60, for a total transaction of $833,000.00. Following the transaction, the chief executive officer now directly owns 557,177 shares of the company’s stock, valued at $92,825,688.20. The trade was a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,268 shares of company stock valued at $7,584,853 over the last three months. Insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Stifel Nicolaus boosted their price target on shares of Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Roth Mkm boosted their price target on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. TD Cowen boosted their price target on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company boosted their price target on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Generac presently has an average rating of “Moderate Buy” and a consensus price target of $174.58.

Generac Trading Up 3.0 %

Shares of NYSE GNRC opened at $189.08 on Friday. The firm’s 50 day moving average price is $168.12 and its 200-day moving average price is $153.44. The company has a market cap of $11.25 billion, a PE ratio of 39.23, a P/E/G ratio of 2.25 and a beta of 1.37. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03.

Generac (NYSE:GNRC) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company earned $1.64 earnings per share. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities research analysts expect that Generac Holdings Inc. will post 6.8 EPS for the current fiscal year.

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.