Stevens Capital Management LP Purchases New Position in Generac Holdings Inc. (NYSE:GNRC)

Stevens Capital Management LP bought a new stake in Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,090 shares of the technology company’s stock, valued at approximately $916,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GNRC. Ariel Investments LLC lifted its holdings in Generac by 14.9% in the third quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock valued at $219,047,000 after buying an additional 261,050 shares during the period. Invesco Ltd. lifted its position in Generac by 9.9% during the 3rd quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock worth $177,956,000 after buying an additional 147,523 shares in the last quarter. Impax Asset Management Group plc boosted its stake in shares of Generac by 3.3% during the 3rd quarter. Impax Asset Management Group plc now owns 1,172,742 shares of the technology company’s stock worth $127,151,000 after buying an additional 37,846 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Generac by 9.0% in the 3rd quarter. Northern Trust Corp now owns 673,384 shares of the technology company’s stock valued at $73,372,000 after acquiring an additional 55,812 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Generac by 42.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 650,139 shares of the technology company’s stock valued at $70,839,000 after acquiring an additional 194,265 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Price Performance

Shares of GNRC traded up $1.67 during trading hours on Thursday, reaching $138.85. 1,481,608 shares of the company’s stock traded hands, compared to its average volume of 1,047,514. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. The firm’s 50 day simple moving average is $121.80 and its 200-day simple moving average is $116.67. The stock has a market cap of $8.37 billion, a PE ratio of 41.70, a price-to-earnings-growth ratio of 1.80 and a beta of 1.45. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $156.95.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.02). The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. Generac’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.78 earnings per share. Equities analysts expect that Generac Holdings Inc. will post 6.3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GNRC. Robert W. Baird upped their price objective on Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Citigroup lifted their price objective on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Roth Mkm upped their target price on shares of Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday. Guggenheim lowered shares of Generac from a “buy” rating to a “neutral” rating in a research report on Thursday, February 15th. Finally, TD Cowen dropped their price objective on shares of Generac from $165.00 to $144.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $141.65.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $115.22, for a total transaction of $576,100.00. Following the completion of the sale, the chief executive officer now directly owns 577,690 shares of the company’s stock, valued at $66,561,441.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.80% of the company’s stock.

Generac Company Profile

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.