First Washington CORP Buys 183 Shares of Generac Holdings Inc. (NYSE:GNRC)

First Washington CORP raised its position in Generac Holdings Inc. (NYSE:GNRC) by 2.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 9,310 shares of the technology company’s stock after acquiring an additional 183 shares during the period. First Washington CORP’s holdings in Generac were worth $1,231,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors bought a new stake in shares of Generac in the 4th quarter worth $155,707,000. William Blair Investment Management LLC bought a new position in Generac in the 2nd quarter valued at $98,282,000. Norges Bank purchased a new position in Generac during the fourth quarter worth about $67,253,000. Wellington Management Group LLP grew its holdings in shares of Generac by 432.9% during the fourth quarter. Wellington Management Group LLP now owns 392,270 shares of the technology company’s stock worth $50,697,000 after purchasing an additional 318,664 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its stake in shares of Generac by 831.1% during the first quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock worth $30,288,000 after acquiring an additional 214,322 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

GNRC opened at $143.75 on Wednesday. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 39.60, a PEG ratio of 1.83 and a beta of 1.38. Generac Holdings Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $169.57. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.25. The company has a fifty day moving average of $149.59 and a 200 day moving average of $139.26.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The firm had revenue of $998.20 million for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the firm posted $1.08 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts forecast that Generac Holdings Inc. will post 6.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GNRC has been the topic of several recent research reports. Oppenheimer lowered Generac from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 22nd. Northland Securities lifted their price target on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. boosted their target price on Generac from $149.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 price target (up previously from $145.00) on shares of Generac in a report on Thursday, August 1st. Finally, Scotiabank increased their price objective on Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $154.71.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $133.39, for a total value of $666,950.00. Following the sale, the chief executive officer now owns 577,177 shares in the company, valued at $76,989,640.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.