Generac Holdings Inc. $GNRC Shares Bought by Nilsine Partners LLC

Nilsine Partners LLC raised its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 48.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,980 shares of the technology company’s stock after acquiring an additional 2,593 shares during the quarter. Nilsine Partners LLC’s holdings in Generac were worth $1,088,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Generac during the third quarter worth about $26,000. Sentry Investment Management LLC lifted its stake in Generac by 69.8% in the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after buying an additional 67 shares in the last quarter. First Horizon Corp acquired a new stake in Generac in the 3rd quarter worth about $28,000. MUFG Securities EMEA plc acquired a new stake in Generac in the 2nd quarter worth about $25,000. Finally, Quent Capital LLC purchased a new stake in Generac during the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Trading Up 1.9%

Shares of Generac stock opened at $198.99 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.03 and a quick ratio of 1.00. The stock’s 50 day simple moving average is $202.45 and its 200-day simple moving average is $175.87. The stock has a market cap of $11.68 billion, a P/E ratio of 74.25, a P/E/G ratio of 1.39 and a beta of 1.78. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $241.09.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays raised their target price on Generac from $213.00 to $228.00 and gave the company an “equal weight” rating in a research report on Friday, March 27th. Guggenheim reiterated a “neutral” rating and set a $202.00 price target on shares of Generac in a research report on Tuesday, February 10th. Bank of America reduced their price objective on Generac from $260.00 to $248.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. Zacks Research raised shares of Generac from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $277.00 target price on shares of Generac in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.94.

Insider Transactions at Generac

In other Generac news, CFO York A. Ragen sold 24,362 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is currently owned by insiders.

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.