Apollon Wealth Management LLC Invests $202,000 in Generac Holdings Inc. (NYSE:GNRC)

Apollon Wealth Management LLC acquired a new position in Generac Holdings Inc. (NYSE:GNRC) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 1,272 shares of the technology company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GNRC. EntryPoint Capital LLC boosted its stake in Generac by 73.2% during the first 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 last quarter. Sunbelt Securities Inc. boosted its stake in Generac by 97.1% during the second 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. Capital Advisors Ltd. LLC boosted its stake in 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 buying an additional 220 shares during the last quarter. Blue Trust Inc. boosted its stake in Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after buying an additional 97 shares during the last quarter. Finally, Fairfield Financial Advisors LTD bought a new position in Generac during the second quarter valued at approximately $38,000. 84.04% of the stock is owned by institutional investors.

Generac Price Performance

Shares of GNRC stock opened at $181.95 on Tuesday. The stock has a market capitalization of $10.83 billion, a price-to-earnings ratio of 37.89, a P/E/G ratio of 2.23 and a beta of 1.37. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94. The stock has a fifty day simple moving average of $164.01 and a two-hundred day simple moving average of $151.96.

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

Analyst Ratings Changes

A number of brokerages recently commented on GNRC. Roth Mkm increased their price target on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Robert W. Baird dropped their target price 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 target on Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Citigroup lifted their price objective on shares of Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.21.

Insider Activity at Generac

In related news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the sale, the executive vice president now directly owns 10,738 shares in the company, valued at $1,971,282.04. This represents a 22.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $166.60, for a total value of $833,000.00. Following the sale, the chief executive officer now owns 557,177 shares of the company’s stock, valued at $92,825,688.20. This trade represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,268 shares of company stock valued at $7,584,853 over the last ninety days. 2.90% of the stock is owned by company insiders.

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.