Mercuria Capital Strategies LLC Buys Shares of 40,934 Generac Holdings Inc. $GNRC

Mercuria Capital Strategies LLC acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,934 shares of the technology company’s stock, valued at approximately $6,852,000. Generac accounts for about 9.0% of Mercuria Capital Strategies LLC’s investment portfolio, making the stock its 6th largest holding. Mercuria Capital Strategies LLC owned about 0.07% of Generac at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NewEdge Advisors LLC boosted its position in Generac by 6.2% in the first quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock worth $309,000 after purchasing an additional 142 shares during the last quarter. Woodline Partners LP increased its stake in shares of Generac by 40.9% in the 1st quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock worth $638,000 after purchasing an additional 1,463 shares in the last quarter. Atria Investments Inc grew its holdings in Generac by 12.8% during the second quarter. Atria Investments Inc now owns 2,808 shares of the technology company’s stock valued at $402,000 after purchasing an additional 318 shares during the period. Moors & Cabot Inc. bought a new position in shares of Generac in the second quarter worth about $214,000. Finally, Resona Asset Management Co. Ltd. increased its holdings in Generac by 7.2% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 1,459 shares of the technology company’s stock worth $208,000 after acquiring an additional 98 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GNRC shares. Roth Mkm reiterated a “neutral” rating and issued a $220.00 price target on shares of Generac in a research note on Thursday, February 12th. Stifel Nicolaus set a $235.00 target price on Generac in a research report on Thursday, February 12th. Citigroup upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $207.00 price target on the stock in a research report on Thursday, January 8th. Wells Fargo & Company boosted their price objective on Generac from $185.00 to $234.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, Robert W. Baird set a $292.00 price objective on shares of Generac in a research report on Thursday, February 12th. One 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $220.19.

Insiders Place Their Bets

In other Generac news, CFO York A. Ragen sold 24,362 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 137,182 shares in the company, valued at $32,321,451.02. This represents a 15.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by company insiders.

Generac Stock Performance

Shares of NYSE:GNRC opened at $206.94 on Tuesday. The firm’s 50 day simple moving average is $185.65 and its 200-day simple moving average is $173.84. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $241.09. The firm has a market cap of $12.14 billion, a PE ratio of 77.22, a price-to-earnings-growth ratio of 1.49 and a beta of 1.74.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, February 11th. The technology company reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.20). The firm 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%. The firm’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.80 EPS. As a group, equities analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

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.