Morgan Stanley Raises Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Morgan Stanley lifted its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 138.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 183,843 shares of the technology company’s stock after buying an additional 106,692 shares during the quarter. Morgan Stanley owned about 0.29% of Generac worth $12,761,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GNRC. Citigroup Inc. lifted its position in shares of Generac by 41.0% during the 1st quarter. Citigroup Inc. now owns 40,930 shares of the technology company’s stock worth $2,097,000 after buying an additional 11,909 shares during the last quarter. GYL Financial Synergies LLC purchased a new stake in Generac in the 1st quarter valued at $697,000. WINTON GROUP Ltd purchased a new stake in Generac in the 2nd quarter valued at $520,000. First Hawaiian Bank raised its position in Generac by 12.1% in the 2nd quarter. First Hawaiian Bank now owns 6,850 shares of the technology company’s stock valued at $475,000 after purchasing an additional 740 shares during the last quarter. Finally, KG&L Capital Management LLC purchased a new stake in Generac in the 2nd quarter valued at $242,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

GNRC has been the subject of several research reports. ValuEngine downgraded shares of Generac from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird upgraded shares of Generac from a “neutral” rating to an “outperform” rating and upped their price target for the company from $64.00 to $86.00 in a research report on Monday, July 1st. Zacks Investment Research downgraded shares of Generac from a “buy” rating to a “hold” rating in a research report on Tuesday. Bank of America reiterated a “buy” rating and issued a $88.00 price target on shares of Generac in a research report on Monday, September 16th. Finally, Canaccord Genuity upped their price target on shares of Generac from $74.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $82.60.



GNRC stock opened at $82.49 on Friday. The company has a fifty day moving average price of $79.06 and a 200 day moving average price of $66.82. Generac Holdings Inc. has a 12 month low of $45.43 and a 12 month high of $88.22. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 2.69 and a beta of 1.15. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.19 and a quick ratio of 1.00.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $1.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.12. The company had revenue of $541.90 million during the quarter, compared to the consensus estimate of $538.96 million. Generac had a net margin of 12.09% and a return on equity of 38.99%. Generac’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 EPS. As a group, analysts anticipate that Generac Holdings Inc. will post 4.8 earnings per share for the current year.

In other Generac news, EVP Erik Wilde sold 7,587 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $71.44, for a total transaction of $542,015.28. Following the completion of the transaction, the executive vice president now owns 11,196 shares in the company, valued at approximately $799,842.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Russell S. Minick sold 10,328 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $73.91, for a total transaction of $763,342.48. Following the transaction, the insider now owns 24,743 shares of the company’s stock, valued at approximately $1,828,755.13. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

Generac Profile

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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