Global Retirement Partners LLC Purchases Shares of 3,684 Generac Holdings Inc. $GNRC

Global Retirement Partners LLC acquired a new stake in Generac Holdings Inc. (NYSE:GNRCFree Report) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 3,684 shares of the technology company’s stock, valued at approximately $1,079,000.

A number of other hedge funds have also recently modified their holdings of GNRC. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Generac during the third quarter worth about $26,000. Avalon Trust Co purchased a new position in Generac during the 1st quarter valued at about $32,000. Essential Partners LLC raised its position in Generac by 57.0% during the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after purchasing an additional 61 shares during the last quarter. MUFG Securities EMEA plc bought a new position in Generac during the 2nd quarter valued at approximately $25,000. Finally, GHP Investment Advisors Inc. purchased a new stake in Generac in the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the completion of the transaction, the chief executive officer directly owned 564,528 shares in the company, valued at approximately $153,653,231.04. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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. Also, insider Norman P. Taffe sold 550 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total value of $120,356.50. Following the completion of the sale, the insider directly owned 15,508 shares in the company, valued at approximately $3,393,615.64. This represents a 3.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 12,236 shares of company stock valued at $2,871,273. Corporate insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Raymond James Financial set a $302.00 price objective on Generac in a research report on Friday, May 22nd. Stifel Nicolaus raised their price target on Generac from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Wall Street Zen upgraded shares of Generac from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Needham & Company LLC boosted their price objective on shares of Generac from $282.00 to $283.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Argus upped their price objective on shares of Generac from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $284.84.

Get Our Latest Stock Report on GNRC

Generac Stock Down 4.3%

Shares of NYSE:GNRC opened at $211.76 on Wednesday. The firm has a market capitalization of $12.50 billion, a P/E ratio of 48.79, a P/E/G ratio of 1.88 and a beta of 1.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. The stock has a 50 day moving average price of $236.36 and a 200-day moving average price of $228.93. Generac Holdings Inc. has a 52-week low of $134.80 and a 52-week high of $296.44.

Generac (NYSE:GNRCGet Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the business earned $1.65 EPS. Generac’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 9.72 EPS for the current fiscal year.

Generac Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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