Deutsche Bank AG Invests $38.96 Million in Generac Holdings Inc. $GNRC

Deutsche Bank AG purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRCFree Report) during the second quarter, HoldingsChannel reports. The institutional investor purchased 133,069 shares of the technology company’s stock, valued at approximately $38,964,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in Generac by 6.2% in the 1st quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock worth $309,000 after acquiring an additional 142 shares during the last quarter. Woodline Partners LP increased its holdings in shares of Generac by 40.9% in the 1st quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock worth $638,000 after purchasing an additional 1,463 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Generac by 27.6% in the second quarter. First Trust Advisors LP now owns 101,298 shares of the technology company’s stock worth $14,507,000 after purchasing an additional 21,908 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Generac by 1.6% in the second quarter. Cerity Partners LLC now owns 50,550 shares of the technology company’s stock worth $7,239,000 after purchasing an additional 816 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Generac by 8.6% during the second quarter. California Public Employees Retirement System now owns 104,246 shares of the technology company’s stock valued at $14,929,000 after purchasing an additional 8,213 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GNRC shares. Needham & Company LLC lifted their price objective on Generac from $282.00 to $283.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Zacks Research upgraded shares of Generac from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Wall Street Zen raised shares of Generac from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Citigroup lifted their price target on shares of Generac from $263.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Finally, Argus boosted their price objective on shares of Generac from $255.00 to $290.00 and gave the company 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 given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $284.84.

View Our Latest Research Report on GNRC

Insider Transactions at Generac

In related news, insider Kyle Andrew Raabe sold 586 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $213.35, for a total transaction of $125,023.10. Following the completion of the transaction, the insider directly owned 10,746 shares in the company, valued at approximately $2,292,659.10. The trade was a 5.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total transaction of $120,356.50. Following the completion of the sale, the insider directly owned 15,508 shares of the company’s stock, valued at $3,393,615.64. This represents a 3.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,236 shares of company stock valued at $2,871,273 over the last quarter. 2.40% of the stock is currently owned by company insiders.

Generac Trading Down 0.1%

NYSE:GNRC opened at $206.51 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00. The firm has a market capitalization of $12.19 billion, a price-to-earnings ratio of 47.58, a price-to-earnings-growth ratio of 1.76 and a beta of 1.92. Generac Holdings Inc. has a one year low of $134.80 and a one year high of $296.44. The business has a fifty day moving average price of $233.63 and a 200-day moving average price of $229.33.

Generac (NYSE:GNRCGet Free Report) last released its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.90. Generac had a return on equity of 17.83% and a net margin of 5.82%.The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the business earned $1.65 earnings per share. Generac’s quarterly revenue was up 10.3% compared to the same quarter last year. Sell-side analysts forecast that Generac Holdings Inc. will post 9.78 EPS for the current year.

About Generac

(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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