Sigma Planning Corp Grows Stake in Generac Holdings Inc. $GNRC

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

Several other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Generac by 11.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,320 shares of the technology company’s stock worth $3,607,000 after acquiring an additional 1,269 shares during the last quarter. Wedbush Securities Inc. purchased a new stake in shares of Generac during the second quarter worth approximately $289,000. Greenleaf Trust acquired a new stake in shares of Generac during the second quarter worth $281,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Generac by 3.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 158,951 shares of the technology company’s stock valued at $46,542,000 after buying an additional 5,753 shares during the last quarter. Finally, New Mexico Educational Retirement Board grew its position in Generac by 15.4% in the 2nd quarter. New Mexico Educational Retirement Board now owns 3,000 shares of the technology company’s stock valued at $878,000 after buying an additional 400 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.89, for a total transaction of $974,450.00. Following the completion of the sale, the chief executive officer directly owned 554,528 shares in the company, valued at $108,071,961.92. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Andrew Raabe sold 586 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $213.35, for a total value of $125,023.10. Following the completion of the transaction, the insider owned 10,746 shares in the company, valued at approximately $2,292,659.10. This trade represents a 5.17% decrease in their ownership of the stock. 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. Insiders sold 7,236 shares of company stock valued at $1,510,373 in the last ninety days. Company insiders own 2.40% of the company’s stock.

Generac Stock Up 1.2%

Shares of NYSE:GNRC opened at $185.97 on Tuesday. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. The firm has a market cap of $10.97 billion, a price-to-earnings ratio of 42.85, a PEG ratio of 1.57 and a beta of 1.92. The stock’s 50-day moving average price is $224.10 and its two-hundred day moving average price is $230.49. Generac Holdings Inc. has a 12-month low of $134.80 and a 12-month high of $296.44.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the firm posted $1.65 EPS. The company’s revenue was up 10.3% on a year-over-year basis. On average, 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 recent analyst reports. DA Davidson set a $333.00 price objective on shares of Generac in a research report on Thursday, July 30th. Weiss Ratings upgraded Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Canaccord Genuity Group dropped their price objective on Generac from $325.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Zacks Research raised Generac from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Finally, Jefferies Financial Group restated a “buy” rating on shares of Generac in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.