5,087 Shares in Generac Holdings Inc. $GNRC Bought by Inceptionr LLC

Inceptionr LLC bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,087 shares of the technology company’s stock, valued at approximately $852,000.

Several other institutional investors also recently bought and sold shares of GNRC. Invesco Ltd. boosted its stake in shares of Generac by 40.9% during the 2nd quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company’s stock worth $285,338,000 after acquiring an additional 577,933 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Generac in the 3rd quarter worth approximately $70,744,000. Norges Bank acquired a new stake in Generac in the 2nd quarter worth approximately $53,138,000. Victory Capital Management Inc. boosted its position in 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. Finally, Federated Hermes Inc. grew its holdings in Generac by 63.5% during the second quarter. Federated Hermes Inc. now owns 749,347 shares of the technology company’s stock valued at $107,314,000 after purchasing an additional 291,012 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Up 1.4%

GNRC opened at $206.94 on Tuesday. The business has a 50 day moving average of $185.65 and a 200-day moving average of $173.84. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 77.22, a P/E/G ratio of 1.49 and a beta of 1.74. 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 Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $241.09.

Generac (NYSE:GNRC) last released its 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). Generac had a net margin of 3.79% and a return on equity of 14.55%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the company earned $2.80 earnings per share. Generac’s revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Activity at Generac

In related news, CFO York A. Ragen sold 24,362 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the sale, the chief financial officer owned 137,182 shares in the company, valued at approximately $32,321,451.02. This trade represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Needham & Company LLC assumed coverage on shares of Generac in a research report on Monday, January 12th. They issued a “buy” rating and a $211.00 price target on the stock. Roth Mkm reaffirmed a “neutral” rating and set a $220.00 price objective on shares of Generac in a report on Thursday, February 12th. Zacks Research upgraded shares of Generac from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Guggenheim reiterated a “neutral” rating and issued a $202.00 target price on shares of Generac in a report on Tuesday, February 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Generac in a report on Thursday, January 22nd. One 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 has an average rating of “Moderate Buy” and an average target price of $220.19.

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.