GSA Capital Partners LLP Increases Position in Generac Holdings Inc. $GNRC

GSA Capital Partners LLP raised its position in Generac Holdings Inc. (NYSE:GNRC) by 93.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,506 shares of the technology company’s stock after purchasing an additional 3,619 shares during the quarter. GSA Capital Partners LLP’s holdings in Generac were worth $1,024,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in shares of 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 acquiring an additional 142 shares in the last quarter. Woodline Partners LP increased its position in shares of Generac by 40.9% during the first quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock worth $638,000 after acquiring an additional 1,463 shares during the period. First Trust Advisors LP increased its position in shares of Generac by 27.6% during the second quarter. First Trust Advisors LP now owns 101,298 shares of the technology company’s stock worth $14,507,000 after acquiring an additional 21,908 shares during the period. Cerity Partners LLC increased its position in shares of Generac by 1.6% during the second quarter. Cerity Partners LLC now owns 50,550 shares of the technology company’s stock worth $7,239,000 after acquiring an additional 816 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of Generac by 8.6% during the second quarter. California Public Employees Retirement System now owns 104,246 shares of the technology company’s stock worth $14,929,000 after acquiring an additional 8,213 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

Shares of GNRC stock opened at $247.91 on Friday. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average price of $221.62 and a 200 day moving average price of $188.65. The company has a market cap of $14.59 billion, a P/E ratio of 77.72, a PEG ratio of 2.29 and a beta of 1.93. Generac Holdings Inc. has a 12 month low of $118.09 and a 12 month high of $276.80.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.47. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Sell-side analysts predict that Generac Holdings Inc. will post 8.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GNRC shares. Argus upped their price objective on Generac from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Bank of America cut their price objective on Generac from $260.00 to $248.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Wells Fargo & Company upped their price objective on Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Wall Street Zen raised Generac from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Stifel Nicolaus set a $275.00 price objective on Generac in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and a consensus target price of $270.31.

Insider Activity at Generac

In related news, CFO York A. Ragen sold 24,362 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer owned 137,182 shares in the company, valued at approximately $32,321,451.02. The trade was a 15.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.

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.