Bcwm LLC purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC – Free Report) during the second quarter, Holdings Channel reports. The fund purchased 24,024 shares of the technology company’s stock, valued at approximately $7,034,000. Generac comprises about 2.1% of Bcwm LLC’s holdings, making the stock its 24th biggest holding.
A number of other large investors have also recently bought and sold shares of the business. N.E.W. Advisory Services LLC acquired a new stake in Generac during the second quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd bought a new stake in Generac in the third quarter worth approximately $26,000. Avalon Trust Co acquired a new position in Generac in the first quarter valued at approximately $32,000. Essential Partners LLC boosted its holdings in shares of Generac by 57.0% during the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after buying an additional 61 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Generac during the 2nd quarter worth approximately $25,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Generac
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac 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 completion of the transaction, the chief executive officer owned 564,528 shares in the company, valued at approximately $153,653,231.04. The trade was a 0.88% decrease in their position. 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 Kyle Andrew Raabe sold 586 shares of Generac stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $213.35, for a total value of $125,023.10. Following the transaction, the insider owned 10,746 shares of the company’s stock, valued at $2,292,659.10. This trade represents a 5.17% decrease in their position. 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. In the last quarter, insiders have sold 12,236 shares of company stock valued at $2,871,273. 2.40% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Get Our Latest Stock Report on Generac
Generac Stock Performance
GNRC opened at $206.83 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. The company’s fifty day moving average price is $229.81 and its two-hundred day moving average price is $230.37. Generac Holdings Inc. has a 1-year low of $134.80 and a 1-year high of $296.44. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 47.66, a PEG ratio of 1.72 and a beta of 1.92.
Generac (NYSE:GNRC – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.90. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Generac had a net margin of 5.82% and a return on equity of 17.83%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the company earned $1.65 earnings per share. On average, analysts expect that Generac Holdings Inc. will post 9.78 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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