Beacon Pointe Advisors LLC Has $779,000 Position in Generac Holdings Inc. (NYSE:GNRC)

Beacon Pointe Advisors LLC boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,029 shares of the technology company’s stock after buying an additional 576 shares during the period. Beacon Pointe Advisors LLC’s holdings in Generac were worth $779,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Moran Wealth Management LLC boosted its stake in Generac by 159.5% during the fourth quarter. Moran Wealth Management LLC now owns 13,470 shares of the technology company’s stock worth $1,741,000 after buying an additional 8,280 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Generac by 23.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 610,100 shares of the technology company’s stock worth $78,854,000 after buying an additional 115,728 shares in the last quarter. NBC Securities Inc. boosted its stake in Generac by 3,345.0% during the fourth quarter. NBC Securities Inc. now owns 3,445 shares of the technology company’s stock worth $445,000 after buying an additional 3,345 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Generac by 177.2% during the fourth quarter. BNP Paribas Financial Markets now owns 132,904 shares of the technology company’s stock valued at $17,177,000 after acquiring an additional 84,958 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Generac by 91.7% during the fourth quarter. Teacher Retirement System of Texas now owns 9,183 shares of the technology company’s stock valued at $1,187,000 after acquiring an additional 4,393 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total value of $699,750.00. Following the completion of the transaction, the chief executive officer now directly owns 587,177 shares in the company, valued at approximately $82,175,421.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total value of $699,750.00. Following the sale, the chief executive officer now owns 587,177 shares in the company, valued at approximately $82,175,421.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nam Tran Nguyen sold 546 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $140.55, for a total value of $76,740.30. Following the completion of the sale, the director now owns 3,512 shares in the company, valued at approximately $493,611.60. The disclosure for this sale can be found here. In the last three months, insiders sold 10,546 shares of company stock worth $1,411,190. 2.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GNRC shares. Guggenheim cut Generac from a “buy” rating to a “neutral” rating in a report on Thursday, February 15th. Canaccord Genuity Group lifted their price objective on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. Oppenheimer cut Generac from an “outperform” rating to a “market perform” rating in a report on Wednesday. OTR Global raised Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. Finally, Citigroup lifted their price target on Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.40.

Generac Price Performance

Shares of GNRC opened at $151.78 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.29. The stock has a 50 day simple moving average of $132.26 and a 200 day simple moving average of $123.03. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $156.95. The firm has a market capitalization of $9.20 billion, a PE ratio of 41.81, a P/E/G ratio of 2.11 and a beta of 1.41.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The business had revenue of $889.27 million during the quarter, compared to analyst estimates of $886.60 million. During the same period in the previous year, the firm earned $0.63 EPS. Generac’s quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts predict that Generac Holdings Inc. will post 6.08 EPS for the current fiscal year.

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.