Picton Mahoney Asset Management Purchases New Position in Generac Holdings Inc. (NYSE:GNRC)

Picton Mahoney Asset Management purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 33,380 shares of the technology company’s stock, valued at approximately $4,209,000. Picton Mahoney Asset Management owned about 0.06% of Generac at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Capital World Investors bought a new position in shares of Generac in the 4th quarter valued at about $155,707,000. Charles Schwab Investment Management Inc. raised its position in Generac by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 665,629 shares of the technology company’s stock worth $86,026,000 after purchasing an additional 15,490 shares during the period. Dimensional Fund Advisors LP raised its position in Generac by 23.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 610,100 shares of the technology company’s stock worth $78,854,000 after purchasing an additional 115,728 shares during the period. Norges Bank purchased a new stake in Generac in the 4th quarter worth about $67,253,000. Finally, Ninety One UK Ltd raised its position in Generac by 13.4% in the 4th quarter. Ninety One UK Ltd now owns 476,897 shares of the technology company’s stock worth $61,634,000 after purchasing an additional 56,169 shares during the period. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total value of $699,750.00. Following the completion of the sale, the chief executive officer now directly owns 587,177 shares in the company, valued at $82,175,421.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total value of $699,750.00. Following the completion of the sale, the chief executive officer now directly owns 587,177 shares in the company, valued at $82,175,421.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Nam Tran Nguyen sold 546 shares of the firm’s 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 sale, the director now owns 3,512 shares of the company’s stock, valued at $493,611.60. The disclosure for this sale can be found here. Insiders sold a total of 80,785 shares of company stock worth $11,720,411 over the last three months. Corporate insiders own 2.80% of the company’s stock.

Generac Stock Down 0.3 %

Shares of NYSE GNRC traded down $0.48 during midday trading on Friday, reaching $156.49. 725,105 shares of the company’s stock traded hands, compared to its average volume of 1,002,978. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61. The stock’s 50 day simple moving average is $143.11 and its 200-day simple moving average is $129.80. Generac Holdings Inc. has a one year low of $79.86 and a one year high of $161.03. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 43.04, a P/E/G ratio of 2.14 and a beta of 1.37.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The firm had revenue of $889.27 million for the quarter, compared to the consensus estimate of $886.60 million. During the same period last year, the firm earned $0.63 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts predict that Generac Holdings Inc. will post 6.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GNRC shares. Roth Mkm increased their price objective on shares of Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Guggenheim lowered shares of Generac from a “neutral” rating to a “sell” rating and set a $120.00 price objective on the stock. in a research report on Thursday, May 30th. OTR Global raised shares of Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. Oppenheimer lowered shares of Generac from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Generac from $149.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $142.65.

Generac 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.