38,210 Shares in Generac Holdings Inc. $GNRC Acquired by First Nebraska Trust Co

First Nebraska Trust Co purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 38,210 shares of the technology company’s stock, valued at approximately $7,907,000.

Other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC boosted its stake in Generac by 32.9% in the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock worth $43,000 after purchasing an additional 54 shares in the last quarter. Contravisory Investment Management Inc. grew its holdings in shares of Generac by 1.5% during the third quarter. Contravisory Investment Management Inc. now owns 4,027 shares of the technology company’s stock worth $833,000 after purchasing an additional 58 shares during the last quarter. Essential Partners LLC grew its holdings in shares of Generac by 57.0% during the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after purchasing an additional 61 shares during the last quarter. Oarsman Capital Inc. grew its holdings in shares of Generac by 4.3% during the second quarter. Oarsman Capital Inc. now owns 1,492 shares of the technology company’s stock worth $437,000 after purchasing an additional 61 shares during the last quarter. Finally, Wedbush Securities Inc. increased its stake in shares of Generac by 6.2% in the third quarter. Wedbush Securities Inc. now owns 1,049 shares of the technology company’s stock valued at $217,000 after buying an additional 61 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GNRC shares. Canaccord Genuity Group lifted their price target on Generac from $275.00 to $375.00 and gave the company a “buy” rating in a report on Thursday, September 17th. Wall Street Zen upgraded shares of Generac from a “buy” rating to a “strong-buy” rating in a research report on Monday. Barclays increased their price objective on shares of Generac from $278.00 to $281.00 and gave the stock an “equal weight” rating in a report on Thursday, October 29th. HSBC lowered shares of Generac to a “hold” rating and set a $333.00 price objective on the stock. in a report on Thursday, September 17th. Finally, Weiss Ratings upgraded shares of Generac from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $290.41.

Generac Stock Up 3.6%

Shares of NYSE GNRC opened at $209.37 on Wednesday. Generac Holdings Inc. has a 1 year low of $134.80 and a 1 year high of $296.44. The firm’s 50-day moving average is $199.20 and its 200-day moving average is $217.96. The company has a current ratio of 1.97, a quick ratio of 1.06 and a debt-to-equity ratio of 0.41. The firm has a market capitalization 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.

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

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on 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 transaction was disclosed in a legal 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, insider Kyle Raabe sold 603 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $212.57, for a total transaction of $128,179.71. Following the sale, the insider owned 9,966 shares of the company’s stock, valued at $2,118,472.62. The trade was a 5.71% 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. Over the last ninety days, insiders have sold 12,892 shares of company stock valued at $2,561,730. 2.40% of the stock is currently owned by insiders.

Generac Profile

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.