HUB Investment Partners LLC Has $6.47 Million Stock Holdings in Generac Holdings Inc. $GNRC

HUB Investment Partners LLC trimmed its position in Generac Holdings Inc. (NYSE:GNRC) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,649 shares of the technology company’s stock after selling 2,964 shares during the quarter. HUB Investment Partners LLC’s holdings in Generac were worth $6,470,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Pitcairn Co. grew its holdings in Generac by 3.6% during the third quarter. Pitcairn Co. now owns 10,108 shares of the technology company’s stock worth $1,692,000 after purchasing an additional 351 shares during the period. Corient IA LLC bought a new stake in Generac in the third quarter valued at approximately $201,000. Cresset Asset Management LLC acquired a new stake in shares of Generac in the third quarter valued at approximately $523,000. Picton Mahoney Asset Management boosted its stake in shares of Generac by 9.0% during the 3rd quarter. Picton Mahoney Asset Management now owns 50,112 shares of the technology company’s stock worth $8,389,000 after acquiring an additional 4,123 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of 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 acquiring an additional 324,809 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stifel Nicolaus set a $235.00 price objective on shares of Generac in a research report on Thursday, February 12th. Bank of America reduced their target price on shares of Generac from $236.00 to $224.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. Citigroup upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $207.00 price objective for the company in a research report on Thursday, January 8th. Robert W. Baird set a $292.00 price objective on Generac in a report on Thursday, February 12th. Finally, Canaccord Genuity Group set a $275.00 price objective on Generac in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $220.19.

Insider Buying and Selling at Generac

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

Generac Stock Performance

NYSE:GNRC opened at $204.18 on Friday. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 76.19, a PEG ratio of 1.59 and a beta of 1.74. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $241.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03. The stock has a fifty day moving average price of $184.27 and a 200-day moving average price of $174.01.

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

About Generac

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.