32,462 Shares in Generac Holdings Inc. (NYSE:GNRC) Bought by SG Capital Management LLC

SG Capital Management LLC acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 32,462 shares of the technology company’s stock, valued at approximately $4,095,000.

Several other large investors have also modified their holdings of the company. ICA Group Wealth Management LLC bought a new stake in Generac in the 4th quarter valued at $27,000. EntryPoint Capital LLC boosted its holdings in Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after purchasing an additional 90 shares during the period. ORG Partners LLC bought a new stake in Generac in the 4th quarter valued at $38,000. Quarry LP boosted its holdings in Generac by 219.6% in the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock valued at $38,000 after purchasing an additional 202 shares during the period. Finally, Pinnacle Bancorp Inc. boosted its holdings in Generac by 89.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company’s stock valued at $40,000 after purchasing an additional 147 shares during the period. 84.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GNRC. Scotiabank increased their price objective on shares of Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Canaccord Genuity Group increased their price objective on shares of Generac from $177.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday. Robert W. Baird increased their price objective on shares of Generac from $142.00 to $163.00 and gave the company a “neutral” rating in a research note on Thursday. The Goldman Sachs Group increased their target price on shares of Generac from $129.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Oppenheimer cut shares of Generac from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 22nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $153.52.

Generac Stock Down 1.8 %

Shares of NYSE:GNRC traded down $2.63 during midday trading on Friday, hitting $142.87. 1,501,281 shares of the company’s stock were exchanged, compared to its average volume of 998,023. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.97. The stock has a 50 day moving average price of $144.91 and a 200-day moving average price of $132.20. The company has a market cap of $8.66 billion, a PE ratio of 39.36, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $169.57.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The business had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the firm posted $1.08 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 6.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Generac news, Director Nam Tran Nguyen sold 546 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $140.55, for a total value of $76,740.30. Following the completion of the sale, the director now directly owns 3,512 shares of the company’s stock, valued at approximately $493,611.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Nam Tran Nguyen sold 546 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $140.55, for a total transaction of $76,740.30. Following the completion of the transaction, the director now directly owns 3,512 shares of the company’s stock, valued at approximately $493,611.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $133.39, for a total transaction of $666,950.00. Following the transaction, the chief executive officer now directly owns 577,177 shares of the company’s stock, valued at $76,989,640.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,785 shares of company stock valued at $11,020,661. Corporate insiders own 2.80% of the company’s stock.

About Generac

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.