WINTON GROUP Ltd acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,243 shares of the technology company’s stock, valued at approximately $851,000.
A number of other hedge funds also recently made changes to their positions in the stock. Clifford Swan Investment Counsel LLC lifted its holdings in shares of Generac by 3.2% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 14,460 shares of the technology company’s stock worth $1,972,000 after acquiring an additional 450 shares during the last quarter. Cibc World Market Inc. raised its position in Generac by 2.6% in the 4th quarter. Cibc World Market Inc. now owns 30,660 shares of the technology company’s stock worth $4,181,000 after purchasing an additional 773 shares during the period. Transatlantique Private Wealth LLC raised its position in Generac by 7.1% in the 4th quarter. Transatlantique Private Wealth LLC now owns 3,353 shares of the technology company’s stock worth $457,000 after purchasing an additional 221 shares during the period. CIBC Asset Management Inc raised its position in Generac by 72.8% in the 4th quarter. CIBC Asset Management Inc now owns 13,070 shares of the technology company’s stock worth $1,782,000 after purchasing an additional 5,506 shares during the period. Finally, Marble Wealth LLC purchased a new position in shares of Generac in the fourth quarter valued at about $250,000. 84.04% of the stock is owned by institutional investors.
Analyst Ratings Changes
GNRC has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Generac from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Stifel Nicolaus set a $275.00 price objective on shares of Generac in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of Generac from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. boosted their price objective on shares of Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Raymond James Financial set a $302.00 price objective on shares of Generac in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Generac currently has an average rating of “Moderate Buy” and a consensus price target of $276.88.
Insider Activity
In related news, insider Norman P. Taffe sold 550 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $272.26, for a total transaction of $149,743.00. Following the sale, the insider owned 16,108 shares of the company’s stock, valued at $4,385,564.08. The trade was a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 564,528 shares in the company, valued at $153,653,231.04. The trade was a 0.88% 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. Insiders own 2.40% of the company’s stock.
Generac Trading Down 1.8%
NYSE:GNRC opened at $261.00 on Wednesday. Generac Holdings Inc. has a one year low of $123.66 and a one year high of $294.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99. The company’s 50-day simple moving average is $240.14 and its 200 day simple moving average is $199.62. The firm has a market capitalization of $15.36 billion, a P/E ratio of 81.82, a PEG ratio of 2.49 and a beta of 1.93.
Generac (NYSE:GNRC – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, topping 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 business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Generac’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, analysts forecast that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.
Generac Profile
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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