Generac Holdings Inc. $GNRC Shares Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 31.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,560 shares of the technology company’s stock after purchasing an additional 2,550 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Generac were worth $1,440,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Needham Investment Management LLC lifted its stake in shares of Generac by 213.6% in the fourth quarter. Needham Investment Management LLC now owns 34,500 shares of the technology company’s stock worth $4,705,000 after acquiring an additional 23,500 shares in the last quarter. TritonPoint Partners LLC acquired a new stake in shares of Generac in the 4th quarter valued at about $267,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Generac by 1.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 5,681 shares of the technology company’s stock worth $775,000 after purchasing an additional 91 shares during the last quarter. Venture Visionary Partners LLC grew its stake in Generac by 605.0% in the fourth quarter. Venture Visionary Partners LLC now owns 15,884 shares of the technology company’s stock worth $2,166,000 after purchasing an additional 13,631 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its stake in Generac by 287.6% in the fourth quarter. Panagora Asset Management Inc. now owns 7,348 shares of the technology company’s stock worth $1,002,000 after purchasing an additional 5,452 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Stock Down 1.6%

NYSE:GNRC opened at $265.78 on Wednesday. The firm has a market capitalization of $15.65 billion, a PE ratio of 83.32, a price-to-earnings-growth ratio of 2.53 and a beta of 1.93. The stock has a 50 day moving average of $246.71 and a 200-day moving average of $203.61. Generac Holdings Inc. has a 52 week low of $123.94 and a 52 week high of $294.18. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47.

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

Analyst Upgrades and Downgrades

GNRC has been the subject of several research analyst reports. UBS Group boosted their price objective on Generac from $305.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Argus boosted their price objective on Generac from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Needham & Company LLC reissued a “buy” rating on shares of Generac in a report on Tuesday, June 2nd. Stephens reissued an “overweight” rating and issued a $290.00 price objective on shares of Generac in a report on Thursday, May 21st. Finally, Bank of America lowered their price objective on Generac from $260.00 to $248.00 and set a “buy” rating for the company in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and a consensus target price of $278.65.

Insider Activity at Generac

In other news, insider Norman P. Taffe sold 550 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was 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 approximately $4,385,564.08. The trade was a 3.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was 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 approximately $153,653,231.04. This represents a 0.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.40% 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.