Banque Cantonale Vaudoise Makes New Investment in Generac Holdings Inc. (NYSE:GNRC)

Banque Cantonale Vaudoise acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the 1st quarter, Holdings Channel.com reports. The fund acquired 2,471 shares of the technology company’s stock, valued at approximately $313,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hurley Capital LLC purchased a new position in Generac during the 4th quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Generac during the 1st quarter worth $28,000. Quadrant Capital Group LLC grew its position in Generac by 61.7% during the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company’s stock worth $35,000 after purchasing an additional 87 shares during the last quarter. Private Trust Co. NA grew its position in Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company’s stock worth $38,000 after purchasing an additional 90 shares during the last quarter. Finally, Ostrum Asset Management purchased a new position in Generac during the 4th quarter worth $50,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Trading Down 0.6%

Shares of GNRC stock opened at $193.57 on Friday. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $197.18. The stock has a market cap of $11.44 billion, a P/E ratio of 32.15, a P/E/G ratio of 1.76 and a beta of 1.67. The business has a fifty day simple moving average of $142.00 and a 200-day simple moving average of $134.66. The company has a quick ratio of 0.89, a current ratio of 2.00 and a debt-to-equity ratio of 0.50.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.32. Generac had a return on equity of 19.14% and a net margin of 7.91%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business posted $1.35 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the transaction, the chief executive officer owned 562,966 shares in the company, valued at $80,166,358.40. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup upgraded shares of Generac from a “neutral” rating to a “mixed” rating in a research report on Friday, July 11th. Guggenheim upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Tuesday. TD Securities cut their price objective on shares of Generac from $173.00 to $155.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Janney Montgomery Scott upgraded shares of Generac from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 7th. Finally, UBS Group upped their price objective on shares of Generac from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and a consensus target price of $174.28.

Generac Company 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.