Militia Capital Partners LP Makes New Investment in Generac Holdings Inc. $GNRC

Militia Capital Partners LP acquired a new position in Generac Holdings Inc. (NYSE:GNRC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,000 shares of the technology company’s stock, valued at approximately $1,674,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GNRC. State Street Corp grew its stake in Generac by 2.1% during the second quarter. State Street Corp now owns 2,189,927 shares of the technology company’s stock worth $313,619,000 after purchasing an additional 45,592 shares during the period. Victory Capital Management Inc. boosted 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 buying an additional 324,809 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Generac by 40.9% during the 2nd quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company’s stock worth $285,338,000 after buying an additional 577,933 shares in the last quarter. Boston Partners grew its position in shares of 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 buying an additional 128,439 shares during the period. Finally, Ariel Investments LLC increased its stake in shares of Generac by 11.7% in the 2nd quarter. Ariel Investments LLC now owns 1,804,595 shares of the technology company’s stock valued at $258,436,000 after acquiring an additional 188,717 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

NYSE GNRC opened at $202.36 on Tuesday. The company has a fifty day simple moving average of $192.25 and a 200 day simple moving average of $174.40. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $241.09. The company has a current ratio of 2.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48. The company has a market cap of $11.87 billion, a P/E ratio of 75.51, a PEG ratio of 1.46 and a beta of 1.74.

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

Analysts Set New Price Targets

GNRC has been the topic of a number of research reports. UBS Group reiterated a “buy” rating and set a $270.00 target price on shares of Generac in a research report on Friday, February 13th. Guggenheim reaffirmed a “neutral” rating and issued a $202.00 price target on shares of Generac in a research note on Tuesday, February 10th. Barclays upped their price objective on shares of Generac from $186.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. raised shares of Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price objective on the stock in a research report on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and a consensus target price of $222.06.

Insider Activity at Generac

In related news, CFO York A. Ragen sold 24,362 shares of the firm’s 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 of the company’s stock, valued at $32,321,451.02. This trade represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by corporate insiders.

Generac 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.