Tidal Investments LLC Buys 26,836 Shares of Generac Holdings Inc. $GNRC

Tidal Investments LLC grew its stake in Generac Holdings Inc. (NYSE:GNRC) by 94.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,302 shares of the technology company’s stock after purchasing an additional 26,836 shares during the quarter. Tidal Investments LLC owned approximately 0.09% of Generac worth $16,193,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. California State Teachers Retirement System grew its stake in Generac by 29,322.7% in the 2nd quarter. California State Teachers Retirement System now owns 19,945,924 shares of the technology company’s stock valued at $5,840,366,000 after buying an additional 19,878,133 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Generac in the second quarter valued at approximately $1,170,960,000. Invesco Ltd. increased its stake in shares of Generac by 49.9% during the fourth quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company’s stock worth $330,557,000 after purchasing an additional 806,430 shares during the period. Diamant Asset Management Inc. lifted its holdings in Generac by 19,433.0% during the 1st quarter. Diamant Asset Management Inc. now owns 666,075 shares of the technology company’s stock worth $130,104,000 after purchasing an additional 662,665 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Generac by 1,141.1% during the 4th quarter. Bank of Montreal Can now owns 695,600 shares of the technology company’s stock worth $94,859,000 after purchasing an additional 639,551 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In other Generac news, insider Norman Taffe sold 400 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $188.70, for a total transaction of $75,480.00. Following the sale, the insider owned 11,276 shares of the company’s stock, valued at approximately $2,127,781.20. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $182.21, for a total transaction of $911,050.00. Following the transaction, the chief executive officer owned 549,528 shares of the company’s stock, valued at $100,129,496.88. This trade represents a 0.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,086 shares of company stock worth $2,347,160 over the last quarter. Corporate insiders own 2.40% of the company’s stock.

Generac Price Performance

Shares of GNRC stock opened at $181.74 on Friday. The business has a fifty day simple moving average of $209.04 and a 200 day simple moving average of $228.24. The company has a market cap of $10.72 billion, a P/E ratio of 41.87, a P/E/G ratio of 1.59 and a beta of 1.91. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. Generac Holdings Inc. has a twelve month low of $134.80 and a twelve month high of $296.44.

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

Analyst Ratings Changes

A number of research analysts have commented on GNRC shares. Canaccord Genuity Group decreased their price objective on Generac from $325.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating on shares of Generac in a research report on Wednesday, June 3rd. Roth Capital set a $214.00 price target on shares of Generac in a research note on Thursday, July 30th. DA Davidson set a $333.00 price target on shares of Generac in a research report on Thursday, July 30th. Finally, TD Cowen reiterated a “buy” rating on shares of Generac in a research note on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $284.84.

Generac Profile

Generac Holdings Inc is an energy technology company that designs and manufactures power generation and energy management products. Its portfolio includes residential standby generators, portable generators, commercial and industrial generator systems, and related transfer switches, controls and monitoring technologies.

The company also offers clean energy and electrification solutions, including battery energy storage systems, solar-related products, electric vehicle chargers and load-management technologies.