First Nebraska Trust Co Acquires New Holdings in Generac Holdings Inc. $GNRC

First Nebraska Trust Co acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 38,210 shares of the technology company’s stock, valued at approximately $7,907,000. First Nebraska Trust Co owned approximately 0.06% of Generac as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Generac during the 2nd quarter worth $1,170,960,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Generac by 9.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,038,493 shares of the technology company’s stock valued at $202,849,000 after purchasing an additional 86,863 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Generac during the 2nd quarter valued at $175,942,000. Park Presidio Capital LLC acquired a new stake in shares of Generac in the 2nd quarter valued at $158,140,000. Finally, Amundi lifted its stake in shares of Generac by 5.0% in the 2nd quarter. Amundi now owns 454,516 shares of the technology company’s stock valued at $133,087,000 after purchasing an additional 21,500 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Generac

In other news, insider Norman Taffe sold 400 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $188.70, for a total transaction of $75,480.00. Following the completion of the transaction, the insider owned 11,276 shares of the company’s stock, valued at approximately $2,127,781.20. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $182.21, for a total transaction of $911,050.00. Following the completion of the sale, the chief executive officer owned 549,528 shares of the company’s stock, valued at approximately $100,129,496.88. The trade was a 0.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 12,892 shares of company stock worth $2,561,730. 2.40% of the stock is currently owned by company insiders.

Generac Stock Up 3.6%

Shares of GNRC stock opened at $209.37 on Wednesday. Generac Holdings Inc. has a 12 month low of $134.80 and a 12 month high of $296.44. The company has a quick ratio of 1.06, a current ratio of 1.97 and a debt-to-equity ratio of 0.41. The firm has a market cap of $12.36 billion, a PE ratio of 41.46, a price-to-earnings-growth ratio of 1.72 and a beta of 1.86. The stock has a 50 day moving average of $199.20 and a 200-day moving average of $217.96.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, October 28th. The technology company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.40 by $0.14. Generac had a net margin of 6.52% and a return on equity of 18.78%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the company earned $1.83 EPS. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. On average, equities analysts predict that Generac Holdings Inc. will post 9.80 EPS for the current year.

Analysts Set New Price Targets

GNRC has been the subject of a number of recent research reports. Zacks Research cut shares of Generac from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. KeyCorp reissued an “overweight” rating on shares of Generac in a research report on Monday, October 26th. Weiss Ratings upgraded Generac from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Needham & Company LLC boosted their price target on Generac from $283.00 to $288.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Finally, Cantor Fitzgerald reduced their price target on Generac from $333.00 to $297.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $290.41.

About Generac

Generac Holdings Inc is a technology and energy solutions company that designs and manufactures power generation equipment and other energy-related products. Its offerings include standby and portable generators, commercial and industrial power systems, energy storage solutions, and products that help customers manage and monitor energy use.

The company serves residential, commercial, industrial, and utility customers. Its products are used for backup power, prime power, and distributed energy applications across homes, businesses, data centers, healthcare facilities, construction sites, and other critical operations.