14,798 Shares in Generac Holdings Inc. (NYSE:GNRC) Purchased by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in Generac Holdings Inc. (NYSE:GNRC) in the second quarter, Holdings Channel.com reports. The firm acquired 14,798 shares of the technology company’s stock, valued at approximately $1,957,000.

Several other large investors have also made changes to their positions in the business. Principal Securities Inc. acquired a new position in shares of Generac during the 4th quarter worth about $110,000. Teacher Retirement System of Texas increased its stake in Generac by 91.7% during the 4th quarter. Teacher Retirement System of Texas now owns 9,183 shares of the technology company’s stock worth $1,187,000 after buying an additional 4,393 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Generac by 23.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 610,100 shares of the technology company’s stock valued at $78,854,000 after acquiring an additional 115,728 shares during the last quarter. Beacon Pointe Advisors LLC lifted its position in shares of Generac by 10.6% in the fourth quarter. Beacon Pointe Advisors LLC now owns 6,029 shares of the technology company’s stock valued at $779,000 after acquiring an additional 576 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its stake in shares of Generac by 12.5% in the fourth quarter. Financial Advocates Investment Management now owns 2,997 shares of the technology company’s stock worth $387,000 after acquiring an additional 334 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $133.39, for a total transaction of $666,950.00. Following the completion of the transaction, the chief executive officer now owns 577,177 shares of the company’s stock, valued at approximately $76,989,640.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on GNRC. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price objective (up from $145.00) on shares of Generac in a research note on Thursday, August 1st. Northland Securities increased their target price on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price target on shares of Generac from $149.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. Wells Fargo & Company upped their price objective on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Finally, TD Cowen raised their target price on shares of Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $154.71.

Generac Price Performance

NYSE:GNRC opened at $143.75 on Wednesday. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $169.57. The stock’s fifty day moving average is $149.59 and its two-hundred day moving average is $139.26. The company has a market capitalization of $8.71 billion, a P/E ratio of 39.60, a P/E/G ratio of 1.83 and a beta of 1.38. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The firm had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the company earned $1.08 EPS. The company’s quarterly revenue was down .2% on a year-over-year basis. Equities analysts expect that Generac Holdings Inc. will post 6.52 EPS for the current 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.