Mediolanum International Funds Ltd Takes Position in Generac Holdings Inc. $GNRC

Mediolanum International Funds Ltd purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 109,314 shares of the technology company’s stock, valued at approximately $20,278,000.

Other hedge funds have also bought and sold shares of the company. Invesco Ltd. boosted its holdings in Generac by 49.9% in 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. State Street Corp increased its holdings in shares of Generac by 2.1% during the second quarter. State Street Corp now owns 2,189,927 shares of the technology company’s stock worth $313,619,000 after purchasing an additional 45,592 shares during the period. Boston Partners increased its holdings in shares of Generac by 7.1% during the third quarter. Boston Partners now owns 1,947,332 shares of the technology company’s stock worth $326,003,000 after purchasing an additional 128,439 shares during the period. Geode Capital Management LLC raised its position in shares of Generac by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,490,876 shares of the technology company’s stock valued at $202,943,000 after buying an additional 6,332 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Generac by 20.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,104,362 shares of the technology company’s stock valued at $184,870,000 after buying an additional 189,457 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Trading Down 0.2%

Shares of Generac stock opened at $214.55 on Monday. Generac Holdings Inc. has a 1 year low of $134.80 and a 1 year high of $296.44. The firm has a market capitalization of $12.63 billion, a PE ratio of 67.26, a price-to-earnings-growth ratio of 2.01 and a beta of 1.89. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $262.15 and its 200 day moving average is $220.73.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.47. Generac had a return on equity of 15.45% and a net margin of 4.37%.The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the business posted $1.26 EPS. Generac’s revenue for the quarter was up 12.5% on a year-over-year basis. Equities research analysts forecast that Generac Holdings Inc. will post 8.91 earnings per share for the current fiscal year.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the completion of the transaction, the chief executive officer directly owned 564,528 shares in the company, valued at $153,653,231.04. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $256.00, for a total transaction of $140,800.00. Following the transaction, the insider owned 15,808 shares of the company’s stock, valued at approximately $4,046,848. The trade was a 3.36% 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. Over the last 90 days, insiders sold 6,100 shares of company stock valued at $1,651,443. Corporate insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GNRC shares. Zacks Research downgraded Generac from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Wall Street Zen raised Generac from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Barclays lifted their price objective on Generac from $228.00 to $285.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. Bank of America reduced their target price on Generac from $260.00 to $248.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Finally, Argus increased their target price on Generac from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $284.18.

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.