Icon Wealth Advisors LLC Has $2.89 Million Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Icon Wealth Advisors LLC raised its stake in Generac Holdings Inc. (NYSE:GNRC) by 2,060.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,191 shares of the technology company’s stock after acquiring an additional 17,349 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Generac were worth $2,890,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. SouthState Corp acquired a new stake in shares of Generac in the third quarter valued at approximately $32,000. Sunbelt Securities Inc. boosted its position in Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. EntryPoint Capital LLC increased its stake in shares of Generac by 73.2% in the 1st 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. Blue Trust Inc. raised its position in shares of Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after acquiring an additional 97 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after acquiring an additional 220 shares during the period. 84.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GNRC. Robert W. Baird dropped their price objective on Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Northland Securities increased their price objective on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. The Goldman Sachs Group upped their target price on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Roth Mkm raised their price target on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Scotiabank upped their price objective on Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $174.05.

Insider Buying and Selling at Generac

In related news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the transaction, the executive vice president now owns 10,738 shares of the company’s stock, valued at approximately $1,971,282.04. This trade represents 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 accessible through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the sale, the chief executive officer now directly owns 562,177 shares in the company, valued at $89,346,790.61. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,268 shares of company stock worth $7,584,853. Corporate insiders own 2.90% of the company’s stock.

Generac Stock Up 1.9 %

Shares of GNRC stock opened at $183.57 on Friday. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 38.09, a P/E/G ratio of 2.20 and a beta of 1.37. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The firm has a fifty day moving average of $167.15 and a 200-day moving average of $153.07. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

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