Richardson Capital Management LLC Purchases New Position in Generac Holdings Inc. (NYSE:GNRC)

Richardson Capital Management LLC acquired a new stake in Generac Holdings Inc. (NYSE:GNRC) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 578 shares of the technology company’s stock, valued at approximately $73,000.

Other hedge funds also recently made changes to their positions in the company. Ariel Investments LLC increased its stake in Generac by 14.9% during the 3rd quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock valued at $219,047,000 after purchasing an additional 261,050 shares in the last quarter. Capital World Investors bought a new stake in shares of Generac during the 4th quarter valued at $155,707,000. Northern Trust Corp lifted its holdings in Generac by 9.0% during the 3rd quarter. Northern Trust Corp now owns 673,384 shares of the technology company’s stock worth $73,372,000 after purchasing an additional 55,812 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Generac by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 665,629 shares of the technology company’s stock valued at $86,026,000 after buying an additional 15,490 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Generac by 23.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 610,100 shares of the technology company’s stock valued at $78,854,000 after buying an additional 115,728 shares during the period. 84.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GNRC shares. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Canaccord Genuity Group raised their target price on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Janney Montgomery Scott cut Generac from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $126.00 to $154.00 in a report on Thursday, June 13th. Oppenheimer cut shares of Generac from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 22nd. Finally, OTR Global upgraded shares of Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $141.67.

Insider Buying and Selling at Generac

In related news, insider Patrick John Forsythe sold 65,855 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of the transaction, the insider now directly owns 19,815 shares in the company, valued at $2,889,027. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Erik Wilde sold 4,384 shares of Generac stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $154.04, for a total value of $675,311.36. Following the completion of the sale, the executive vice president now owns 17,897 shares in the company, valued at approximately $2,756,853.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patrick John Forsythe sold 65,855 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $145.80, for a total transaction of $9,601,659.00. Following the completion of the sale, the insider now directly owns 19,815 shares in the company, valued at $2,889,027. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,785 shares of company stock worth $11,688,161. Insiders own 2.80% of the company’s stock.

Generac Trading Down 2.7 %

Shares of NYSE:GNRC traded down $3.71 on Friday, hitting $132.22. 1,714,199 shares of the company’s stock were exchanged, compared to its average volume of 669,240. The business’s 50 day simple moving average is $140.16 and its two-hundred day simple moving average is $128.13. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $156.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.29 and a quick ratio of 0.97. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 36.42, a price-to-earnings-growth ratio of 1.79 and a beta of 1.44.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. The company had revenue of $889.27 million during the quarter, compared to analysts’ expectations of $886.60 million. Generac had a net margin of 5.68% and a return on equity of 14.68%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share. Analysts anticipate that Generac Holdings Inc. will post 6.15 EPS for the current fiscal year.

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.