Marble Wealth LLC acquired a new stake in Generac Holdings Inc. (NYSE:GNRC – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,831 shares of the technology company’s stock, valued at approximately $250,000.
Other institutional investors have also recently made changes to their positions in the company. MUFG Securities EMEA plc bought a new position in shares of Generac in the second quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd bought a new stake in Generac during the 3rd quarter valued at $26,000. Sentry Investment Management LLC boosted its position in Generac by 69.8% during the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after buying an additional 67 shares during the period. IFP Advisors Inc boosted its position in Generac by 33.8% during the 4th quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock valued at $59,000 after buying an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Generac in the 4th quarter worth $61,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. Bank of America decreased their price objective on shares of Generac from $260.00 to $248.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Needham & Company LLC reissued a “buy” rating on shares of Generac in a research note on Tuesday. Weiss Ratings upgraded Generac from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Guggenheim reaffirmed a “neutral” rating and set a $202.00 price target on shares of Generac in a research report on Tuesday, February 10th. Finally, Wells Fargo & Company increased their price objective on Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Generac has an average rating of “Moderate Buy” and an average target price of $276.88.
Generac Trading Down 2.4%
NYSE:GNRC opened at $278.39 on Friday. The company has a 50-day moving average price of $236.32 and a 200-day moving average price of $197.10. The stock has a market cap of $16.39 billion, a price-to-earnings ratio of 87.27, a P/E/G ratio of 2.67 and a beta of 1.93. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. Generac Holdings Inc. has a 12 month low of $123.66 and a 12 month high of $294.18.
Generac (NYSE:GNRC – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.47. Generac had a net margin of 4.37% and a return on equity of 15.45%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company earned $1.26 earnings per share. Generac’s quarterly revenue was up 12.5% on a year-over-year basis. Equities analysts predict that Generac Holdings Inc. will post 8.91 EPS for the current year.
Insiders Place Their Bets
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the transaction, the chief executive officer owned 564,528 shares in the company, valued at approximately $153,653,231.04. This represents a 0.88% 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. Insiders own 2.40% of the company’s stock.
About Generac
Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.
Generac’s product lineup addresses a broad range of customer needs.
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