HUB Investment Partners LLC Has $6.47 Million Stock Holdings in Generac Holdings Inc. $GNRC

HUB Investment Partners LLC decreased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 7.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,649 shares of the technology company’s stock after selling 2,964 shares during the quarter. HUB Investment Partners LLC owned about 0.07% of Generac worth $6,470,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GNRC. Pitcairn Co. grew its holdings in shares of Generac by 3.6% in the 3rd quarter. Pitcairn Co. now owns 10,108 shares of the technology company’s stock valued at $1,692,000 after buying an additional 351 shares during the period. Corient IA LLC bought a new position in Generac during the third quarter worth about $201,000. Cresset Asset Management LLC acquired a new position in Generac in the third quarter valued at about $523,000. Picton Mahoney Asset Management increased its holdings in shares of Generac by 9.0% in the third quarter. Picton Mahoney Asset Management now owns 50,112 shares of the technology company’s stock worth $8,389,000 after acquiring an additional 4,123 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Generac by 17.9% during the third quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock worth $355,530,000 after purchasing an additional 324,809 shares during the period. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

GNRC has been the subject of several research analyst reports. Citigroup upgraded Generac from a “neutral” rating to a “buy” rating and set a $207.00 price objective for the company in a research report on Thursday, January 8th. JPMorgan Chase & Co. upgraded shares of Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price objective on the stock in a report on Monday, December 8th. Needham & Company LLC initiated coverage on shares of Generac in a research report on Monday, January 12th. They issued a “buy” rating and a $211.00 price objective on the stock. Guggenheim reiterated a “neutral” rating and set a $202.00 target price on shares of Generac in a report on Tuesday, February 10th. Finally, UBS Group reissued a “buy” rating and issued a $270.00 price target on shares of Generac in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.19.

Insiders Place Their Bets

In other Generac news, CFO York A. Ragen sold 24,362 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the transaction, the chief financial officer owned 137,182 shares of the company’s stock, valued at $32,321,451.02. The trade was a 15.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by corporate insiders.

Generac Stock Performance

Shares of GNRC opened at $204.18 on Friday. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 76.19, a PEG ratio of 1.59 and a beta of 1.74. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $241.09. The firm has a fifty day simple moving average of $184.27 and a 200 day simple moving average of $174.01. The company has a current ratio of 2.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, February 11th. The technology company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.20). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a return on equity of 14.55% and a net margin of 3.79%.The company’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period last year, the firm earned $2.80 earnings per share. Research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Generac 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.