2,699 Shares in Generac Holdings Inc. $GNRC Bought by Meadowbrook Advisors Group LLC

Meadowbrook Advisors Group LLC bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,699 shares of the technology company’s stock, valued at approximately $368,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Invesco Ltd. raised its position 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. State Street Corp grew its position in shares of Generac by 2.1% in the 2nd quarter. State Street Corp now owns 2,189,927 shares of the technology company’s stock valued at $313,619,000 after purchasing an additional 45,592 shares during the period. Victory Capital Management Inc. increased its stake in Generac by 17.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock worth $355,530,000 after purchasing an additional 324,809 shares in the last quarter. Boston Partners increased its stake in Generac by 7.1% during the 3rd 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 in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Generac by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,490,876 shares of the technology company’s stock worth $202,943,000 after buying an additional 6,332 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GNRC. Weiss Ratings lowered shares of Generac from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Argus increased their price objective on shares of Generac from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Bank of America dropped their price objective on shares of Generac from $260.00 to $248.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. JPMorgan Chase & Co. boosted their price objective on shares of Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Citigroup upped their target price on shares of Generac from $226.00 to $263.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. 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. Based on data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and a consensus price target of $278.65.

Generac Trading Down 0.0%

NYSE GNRC opened at $279.09 on Friday. The stock has a market capitalization of $16.43 billion, a price-to-earnings ratio of 87.49, a PEG ratio of 2.61 and a beta of 1.93. The stock’s 50 day moving average price is $251.44 and its two-hundred day moving average price is $205.86. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 2.03. Generac Holdings Inc. has a 52 week low of $125.80 and a 52 week high of $294.18.

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

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer owned 564,528 shares in the company, valued at approximately $153,653,231.04. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $272.26, for a total transaction of $149,743.00. Following the transaction, the insider owned 16,108 shares of the company’s stock, valued at $4,385,564.08. The trade was a 3.30% 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. Insiders own 2.40% of the company’s stock.

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.