Generac Holdings Inc. $GNRC Shares Bought by LRT Capital Management LLC

LRT Capital Management LLC grew its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 26.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,200 shares of the technology company’s stock after purchasing an additional 2,310 shares during the quarter. LRT Capital Management LLC’s holdings in Generac were worth $1,527,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nicollet Investment Management Inc. boosted its stake in Generac by 0.7% during the 4th quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock worth $1,055,000 after purchasing an additional 50 shares during the last quarter. Gen Wealth Partners Inc boosted its position in shares of Generac by 8.7% during the 4th quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company’s stock valued at $92,000 after acquiring an additional 54 shares during the last quarter. Meridian Financial Partners LLC boosted its position in shares of Generac by 0.6% during the 4th quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company’s stock valued at $1,371,000 after acquiring an additional 61 shares during the last quarter. Argent Trust Co boosted its position in shares of Generac by 2.3% during the 3rd quarter. Argent Trust Co now owns 3,272 shares of the technology company’s stock valued at $548,000 after acquiring an additional 73 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Generac by 2.7% during the 3rd quarter. NewEdge Advisors LLC now owns 2,749 shares of the technology company’s stock valued at $460,000 after acquiring an additional 73 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Trading Up 1.9%

NYSE GNRC opened at $262.13 on Friday. The firm’s 50-day moving average is $243.76 and its two-hundred day moving average is $201.53. Generac Holdings Inc. has a 12 month low of $123.66 and a 12 month high of $294.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99. The stock has a market capitalization of $15.43 billion, a P/E ratio of 82.17, a PEG ratio of 2.45 and a beta of 1.93.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.47. Generac had a net margin of 4.37% and a return on equity of 15.45%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. Generac’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 8.91 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GNRC. Raymond James Financial set a $302.00 price target on shares of Generac in a research report on Friday, May 22nd. JPMorgan Chase & Co. boosted their price target on shares of Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings raised shares of Generac from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Canaccord Genuity Group boosted their price target on shares of Generac from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Robert W. Baird set a $311.00 price target on shares of Generac in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $278.65.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $272.18, for a total value of $1,360,900.00. Following the transaction, the chief executive officer owned 564,528 shares of the company’s stock, valued at $153,653,231.04. This represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $272.26, for a total transaction of $149,743.00. Following the completion of the transaction, the insider directly owned 16,108 shares in the company, valued at $4,385,564.08. The trade was a 3.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.40% of the company’s stock.

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.