Union Bancaire Privee UBP SA Has $5.45 Million Position in Generac Holdings Inc. $GNRC

Union Bancaire Privee UBP SA lifted its holdings in Generac Holdings Inc. (NYSE:GNRC) by 105.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,882 shares of the technology company’s stock after purchasing an additional 14,278 shares during the period. Union Bancaire Privee UBP SA’s holdings in Generac were worth $5,446,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GNRC. Invesco Ltd. boosted its stake in Generac by 49.9% during the 4th quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company’s stock valued at $330,557,000 after purchasing an additional 806,430 shares during the period. Bank of Montreal Can lifted its holdings in shares of Generac by 1,141.1% during the fourth quarter. Bank of Montreal Can now owns 695,600 shares of the technology company’s stock worth $94,859,000 after buying an additional 639,551 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Generac by 127.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 959,337 shares of the technology company’s stock worth $130,825,000 after buying an additional 536,732 shares during the last quarter. Norges Bank bought a new stake in shares of Generac in the fourth quarter valued at approximately $68,590,000. Finally, Robeco Schweiz AG bought a new stake in shares of Generac in the fourth quarter valued at approximately $51,020,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In other news, insider Norman P. Taffe sold 550 shares of the firm’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 of the company’s stock, valued at approximately $4,385,564.08. This trade represents a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 Generac stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the sale, the chief executive officer owned 564,528 shares in the company, valued at approximately $153,653,231.04. This trade 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 Price Performance

Shares of NYSE:GNRC opened at $279.28 on Friday. The firm has a market capitalization of $16.44 billion, a PE ratio of 87.55, a PEG ratio of 2.61 and a beta of 1.93. 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 Holdings Inc. has a 1-year low of $134.80 and a 1-year high of $296.44. The business’s 50 day moving average is $259.31 and its 200-day moving average is $210.33.

Generac (NYSE:GNRC) last issued 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. The business 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%.Generac’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. Sell-side analysts predict that Generac Holdings Inc. will post 8.91 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GNRC. TD Cowen boosted their target price on shares of Generac from $255.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Argus increased their price target on shares of Generac from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Stifel Nicolaus set a $275.00 price target on shares of Generac in a research report on Thursday, April 30th. Wells Fargo & Company boosted their price objective on shares of Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Canaccord Genuity Group upped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and a consensus target price of $278.65.

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.