Nilsine Partners LLC Buys New Stake in Generac Holdings Inc. $GNRC

by · The Markets Daily

Nilsine Partners LLC bought a new position in Generac Holdings Inc. (NYSE:GNRC – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,387 shares of the technology company’s stock, valued at approximately $902,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its position in shares of Generac by 81.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock valued at $25,000 after purchasing an additional 77 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in Generac during the 2nd quarter valued at approximately $25,000. Creative Capital Management Investments LLC boosted its stake in Generac by 740.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock valued at $33,000 after purchasing an additional 200 shares during the period. Legend Financial Advisors Inc. acquired a new stake in Generac in the 2nd quarter valued at approximately $36,000. Finally, AdvisorShares Investments LLC bought a new position in Generac in the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Trading Down 1.9%

Shares of GNRC stock opened at $155.39 on Wednesday. The firm has a fifty day moving average of $164.93 and a 200-day moving average of $164.58. The stock has a market cap of $9.12 billion, a price-to-earnings ratio of 29.60, a P/E/G ratio of 1.58 and a beta of 1.82. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.02 and a current ratio of 2.18.

Generac (NYSE:GNRC – Get Free Report) last posted its earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). Generac had a net margin of 6.92% and a return on equity of 17.63%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the firm earned $2.25 EPS. The business’s revenue was down 5.0% compared to the same quarter last year. On average, equities research analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total value of $832,150.00. Following the sale, the chief executive officer owned 542,966 shares of the company’s stock, valued at $90,365,831.38. The trade was a 0.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Generac in a research report on Wednesday, October 8th. UBS Group reduced their price target on shares of Generac from $220.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Barclays raised their price target on shares of Generac from $188.00 to $197.00 and gave the stock an “equal weight” rating in a research report on Friday, October 31st. Guggenheim cut their price objective on shares of Generac from $210.00 to $202.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. raised Generac from a “neutral” rating to an “overweight” rating and set a $200.00 target price on the stock in a research report on Monday, December 8th. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.28.

Check Out Our Latest Stock Analysis on GNRC

Generac Profile

(Free Report)

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.

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