Martin Capital Advisors LLP Invests $249,000 in Generac Holdings Inc. (NYSE:GNRC)

Martin Capital Advisors LLP purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,930 shares of the technology company’s stock, valued at approximately $249,000.

Other hedge funds also recently added to or reduced their stakes in the company. John G Ullman & Associates Inc. increased its stake in Generac by 234.3% in the fourth quarter. John G Ullman & Associates Inc. now owns 52,650 shares of the technology company’s stock worth $6,804,000 after purchasing an additional 36,900 shares during the period. Ninety One UK Ltd increased its stake in Generac by 13.4% in the 4th quarter. Ninety One UK Ltd now owns 476,897 shares of the technology company’s stock worth $61,634,000 after buying an additional 56,169 shares during the period. CapWealth Advisors LLC increased its stake in Generac by 2.7% in the 4th quarter. CapWealth Advisors LLC now owns 17,374 shares of the technology company’s stock worth $2,245,000 after buying an additional 451 shares during the period. Delta Financial Advisors LLC boosted its position in Generac by 53.0% in the 4th quarter. Delta Financial Advisors LLC now owns 3,465 shares of the technology company’s stock valued at $448,000 after buying an additional 1,200 shares during the period. Finally, Everence Capital Management Inc. grew its stake in Generac by 67.6% in the 4th quarter. Everence Capital Management Inc. now owns 5,380 shares of the technology company’s stock worth $695,000 after acquiring an additional 2,170 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Performance

Shares of NYSE GNRC traded up $1.68 during mid-day trading on Friday, hitting $135.15. The stock had a trading volume of 1,835,914 shares, compared to its average volume of 1,038,932. The company has a 50 day moving average of $121.05 and a two-hundred day moving average of $115.66. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $156.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. The firm has a market cap of $8.15 billion, a PE ratio of 41.08, a PEG ratio of 1.72 and a beta of 1.45.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.02). The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 earnings per share. Research analysts predict that Generac Holdings Inc. will post 6.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GNRC. Robert W. Baird lifted their price target on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. OTR Global raised Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. Canaccord Genuity Group increased their price target on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Roth Mkm lifted their price objective on Generac from $105.00 to $118.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Finally, UBS Group lowered their price objective on shares of Generac from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and an average target price of $140.80.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $126.94, for a total transaction of $634,700.00. Following the sale, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at approximately $75,170,948.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.80% of the company’s stock.

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.