We Are One Seven LLC Buys New Holdings in Generac Holdings Inc. (GNRC)

We Are One Seven LLC bought a new position in Generac Holdings Inc. (NYSE:GNRC) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,099 shares of the technology company’s stock, valued at approximately $287,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of Generac by 14.5% in the second quarter. BlackRock Inc. now owns 4,838,216 shares of the technology company’s stock valued at $250,281,000 after buying an additional 614,112 shares during the period. Schroder Investment Management Group increased its stake in shares of Generac by 516.6% in the second quarter. Schroder Investment Management Group now owns 2,234,073 shares of the technology company’s stock valued at $81,625,000 after buying an additional 1,871,776 shares during the period. Janus Henderson Group PLC increased its stake in shares of Generac by 32.8% in the second quarter. Janus Henderson Group PLC now owns 1,874,526 shares of the technology company’s stock valued at $96,969,000 after buying an additional 463,226 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Generac by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,601,730 shares of the technology company’s stock valued at $82,857,000 after buying an additional 13,368 shares during the period. Finally, Investec Asset Management LTD increased its stake in shares of Generac by 5.1% in the second quarter. Investec Asset Management LTD now owns 1,387,672 shares of the technology company’s stock valued at $71,784,000 after buying an additional 67,504 shares during the period. 97.74% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Aaron Jagdfeld sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $55.21, for a total transaction of $1,104,200.00. Following the sale, the chief executive officer now owns 875,986 shares in the company, valued at approximately $48,363,187.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Russell S. Minick sold 9,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $54.86, for a total value of $493,740.00. Following the sale, the insider now owns 16,353 shares in the company, valued at approximately $897,125.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,150 shares of company stock worth $6,389,948. 3.00% of the stock is owned by corporate insiders.

Shares of Generac stock opened at $54.63 on Friday. Generac Holdings Inc. has a one year low of $42.96 and a one year high of $60.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 1.94. The stock has a market cap of $3.50 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 2.10 and a beta of 1.43.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, August 1st. The technology company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.91 by $0.20. Generac had a return on equity of 46.62% and a net margin of 11.18%. The company had revenue of $494.90 million for the quarter, compared to analyst estimates of $448.41 million. During the same quarter in the prior year, the company earned $0.69 EPS. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. Equities research analysts expect that Generac Holdings Inc. will post 4.13 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on GNRC shares. Zacks Investment Research cut Generac from a “buy” rating to a “hold” rating in a research note on Thursday, July 5th. Goldman Sachs Group cut Generac from a “neutral” rating to a “sell” rating and set a $49.00 price target for the company. in a research note on Monday, July 16th. Robert W. Baird reissued a “hold” rating and issued a $54.00 price target on shares of Generac in a research note on Friday, July 20th. Canaccord Genuity set a $54.00 price target on Generac and gave the company a “hold” rating in a research note on Tuesday, July 24th. Finally, KeyCorp reissued a “buy” rating and issued a $60.00 price target on shares of Generac in a research note on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.23.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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