Osaic Holdings Inc. Increases Stake in Generac Holdings Inc. $GNRC

Osaic Holdings Inc. increased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 25.4% in the second quarter, Holdings Channel reports. The fund owned 26,000 shares of the technology company’s stock after purchasing an additional 5,274 shares during the quarter. Osaic Holdings Inc.’s holdings in Generac were worth $3,639,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GNRC. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Generac by 81.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in Generac during the second quarter worth $25,000. Creative Capital Management Investments LLC boosted its position in Generac by 740.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Legend Financial Advisors Inc. purchased a new position in shares of Generac in the 2nd quarter valued at $36,000. Finally, AdvisorShares Investments LLC bought a new position in shares of Generac in the 2nd quarter worth $44,000. Institutional investors own 84.04% of the company’s stock.

Generac Trading Up 0.8%

Generac stock opened at $140.93 on Friday. The firm has a market cap of $8.27 billion, a PE ratio of 26.84, a P/E/G ratio of 1.40 and a beta of 1.82. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The stock’s 50 day simple moving average is $159.48 and its two-hundred day simple moving average is $164.75. The company has a current ratio of 2.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.51.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). Generac had a net margin of 6.92% and a return on equity of 17.63%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the firm posted $2.25 EPS. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. Analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays raised their price objective on Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a research report on Friday, October 31st. Zacks Research upgraded shares of Generac from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. JPMorgan Chase & Co. raised shares of Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price objective on the stock in a research report on Monday, December 8th. Wells Fargo & Company set a $195.00 target price on shares of Generac in a research report on Friday, December 19th. Finally, Guggenheim lowered their target price on shares of Generac from $210.00 to $202.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Fifteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Generac has an average rating of “Moderate Buy” and a consensus target price of $192.11.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $166.43, for a total value of $832,150.00. Following the completion of the transaction, the chief executive officer owned 542,966 shares of the company’s stock, valued at approximately $90,365,831.38. This represents a 0.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.70% of the company’s stock.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.