UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 5,753 Shares of Generac Holdings Inc. $GNRC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Generac Holdings Inc. (NYSE:GNRC) by 3.8% during the second quarter, Holdings Channel.com reports. The firm owned 158,951 shares of the technology company’s stock after acquiring an additional 5,753 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Generac were worth $46,542,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of GNRC. N.E.W. Advisory Services LLC purchased a new stake in Generac during the 2nd quarter valued at about $25,000. MUFG Securities EMEA plc bought a new stake in Generac in the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in Generac during the third quarter valued at $26,000. Avalon Trust Co purchased a new stake in shares of Generac during the 1st quarter valued at about $32,000. Finally, Essential Partners LLC increased its holdings in Generac by 57.0% during the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after buying an additional 61 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Generac in a research report on Wednesday, June 3rd. DA Davidson set a $333.00 price target on shares of Generac in a research note on Thursday, July 30th. Cantor Fitzgerald upped their price objective on Generac from $325.00 to $333.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Canaccord Genuity Group lowered their price target on shares of Generac from $325.00 to $275.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Stephens reissued an “overweight” rating and issued a $290.00 price objective on shares of Generac in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $284.84.

Insider Buying and Selling

In other Generac news, insider Norman P. Taffe sold 550 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $218.83, for a total transaction of $120,356.50. Following the sale, the insider owned 15,508 shares of the company’s stock, valued at approximately $3,393,615.64. The trade was a 3.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Andrew Raabe sold 586 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $213.35, for a total transaction of $125,023.10. Following the sale, the insider directly owned 10,746 shares in the company, valued at $2,292,659.10. This trade represents a 5.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,236 shares of company stock worth $2,421,423 in the last three months. Corporate insiders own 2.40% of the company’s stock.

Generac Stock Performance

GNRC stock opened at $180.97 on Thursday. Generac Holdings Inc. has a one year low of $134.80 and a one year high of $296.44. The firm has a 50-day simple moving average of $220.18 and a two-hundred day simple moving average of $230.01. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. The firm has a market cap of $10.68 billion, a price-to-earnings ratio of 41.70, a PEG ratio of 1.55 and a beta of 1.91.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.90. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. Generac had a net margin of 5.82% and a return on equity of 17.83%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.65 earnings per share. On average, equities analysts forecast that Generac Holdings Inc. will post 9.78 EPS for the current fiscal year.

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.