WINTON GROUP Ltd bought a new stake in Generac Holdings Inc. (NYSE:GNRC – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,303 shares of the technology company’s stock, valued at approximately $1,260,000.
Other institutional investors also recently added to or reduced their stakes in the company. Nicollet Investment Management Inc. boosted its position in shares of Generac by 0.7% in the fourth quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock valued at $1,055,000 after acquiring an additional 50 shares during the period. Root Financial Partners LLC increased its position in Generac by 32.9% during the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock worth $43,000 after acquiring an additional 54 shares during the period. Gen Wealth Partners Inc increased its position in Generac by 8.7% during the fourth quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company’s stock worth $92,000 after acquiring an additional 54 shares during the period. Essential Partners LLC raised its stake 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. Finally, Oarsman Capital Inc. raised its stake in Generac by 4.3% during the 2nd quarter. Oarsman Capital Inc. now owns 1,492 shares of the technology company’s stock valued at $437,000 after purchasing an additional 61 shares during the last quarter. 84.04% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, insider Norman Taffe sold 400 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $188.70, for a total transaction of $75,480.00. Following the completion of the sale, the insider directly owned 11,276 shares of the company’s stock, valued at $2,127,781.20. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Raabe sold 586 shares of Generac stock in a transaction on Friday, August 7th. The shares were sold at an average price of $213.35, for a total value of $125,023.10. Following the completion of the transaction, the insider owned 10,746 shares of the company’s stock, valued at approximately $2,292,659.10. The trade was a 5.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,086 shares of company stock worth $2,347,160 in the last three months. Insiders own 2.40% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on Generac
Generac Stock Performance
Generac stock opened at $186.92 on Monday. 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 stock has a fifty day moving average price of $207.71 and a two-hundred day moving average price of $227.96. Generac Holdings Inc. has a 52-week low of $134.80 and a 52-week high of $296.44. The firm has a market capitalization of $11.03 billion, a P/E ratio of 43.07, a P/E/G ratio of 1.59 and a beta of 1.91.
Generac (NYSE:GNRC – Get Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company earned $1.65 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, analysts anticipate that Generac Holdings Inc. will post 9.78 EPS for the current fiscal year.
About Generac
Generac Holdings Inc is an energy technology company that designs and manufactures power generation and energy management products. Its portfolio includes residential standby generators, portable generators, commercial and industrial generator systems, and related transfer switches, controls and monitoring technologies.
The company also offers clean energy and electrification solutions, including battery energy storage systems, solar-related products, electric vehicle chargers and load-management technologies.
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