Nilsine Partners LLC Increases Holdings in Generac Holdings Inc. $GNRC

Nilsine Partners LLC increased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 48.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,980 shares of the technology company’s stock after purchasing an additional 2,593 shares during the quarter. Nilsine Partners LLC’s holdings in Generac were worth $1,088,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Econ Financial Services Corp acquired a new stake in Generac during the 4th quarter valued at approximately $1,801,000. Private Advisory Group LLC increased its stake in shares of Generac by 26.2% in the fourth quarter. Private Advisory Group LLC now owns 58,781 shares of the technology company’s stock worth $8,016,000 after acquiring an additional 12,191 shares during the period. Woodstock Corp raised its holdings in shares of Generac by 2.3% during the fourth quarter. Woodstock Corp now owns 25,869 shares of the technology company’s stock worth $3,528,000 after purchasing an additional 575 shares during the last quarter. Hunter Perkins Capital Management LLC raised its holdings in shares of Generac by 22.7% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 5,355 shares of the technology company’s stock worth $730,000 after purchasing an additional 990 shares during the last quarter. Finally, True Vision MN LLC lifted its position in Generac by 9.9% during the fourth quarter. True Vision MN LLC now owns 3,560 shares of the technology company’s stock valued at $485,000 after purchasing an additional 322 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on GNRC. Guggenheim reiterated a “neutral” rating and set a $202.00 price objective on shares of Generac in a research note on Tuesday, February 10th. Bank of America dropped 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. TD Cowen boosted their price target on Generac from $220.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Needham & Company LLC restated a “buy” rating and issued a $277.00 price objective on shares of Generac in a research report on Thursday, March 26th. Finally, UBS Group reaffirmed a “buy” rating and set a $270.00 price objective on shares of Generac in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Generac has a consensus rating of “Moderate Buy” and a consensus target price of $229.94.

Generac Trading Up 1.9%

GNRC stock opened at $198.99 on Thursday. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $241.09. The company has a quick ratio of 1.00, a current ratio of 2.03 and a debt-to-equity ratio of 0.48. The firm has a market cap of $11.68 billion, a P/E ratio of 74.25, a PEG ratio of 1.39 and a beta of 1.78. The company’s 50-day simple moving average is $202.45 and its 200-day simple moving average is $175.87.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, February 11th. The technology company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.20). The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a net margin of 3.79% and a return on equity of 14.55%. Generac’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.80 EPS. As a group, equities analysts forecast that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insider Activity at Generac

In other news, CFO York A. Ragen sold 24,362 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the completion of the transaction, the chief financial officer directly owned 137,182 shares of the company’s stock, valued at $32,321,451.02. This represents a 15.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.70% of the stock is owned by company insiders.

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.