Generac Holdings Inc. $GNRC Shares Acquired by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas lifted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 31.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,560 shares of the technology company’s stock after acquiring an additional 2,550 shares during the period. Oddo BHF Asset Management Sas’ holdings in Generac were worth $1,440,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc acquired a new stake in Generac in the second quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Generac in the third quarter worth approximately $26,000. IFP Advisors Inc lifted its position in Generac by 33.8% in the fourth quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock worth $59,000 after purchasing an additional 110 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in Generac in the fourth quarter worth approximately $61,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in Generac in the third quarter worth approximately $67,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Price Performance

NYSE GNRC opened at $265.78 on Wednesday. The stock has a market capitalization of $15.65 billion, a P/E ratio of 83.32, a P/E/G ratio of 2.53 and a beta of 1.93. Generac Holdings Inc. has a 1 year low of $123.94 and a 1 year high of $294.18. The business’s fifty day moving average is $246.71 and its two-hundred day moving average is $203.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 2.03.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.47. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Generac had a return on equity of 15.45% and a net margin of 4.37%.The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share. On average, research analysts forecast that Generac Holdings Inc. will post 8.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Generac

In other Generac news, insider Norman P. Taffe sold 550 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $272.26, for a total transaction of $149,743.00. Following the sale, the insider directly owned 16,108 shares of the company’s stock, valued at $4,385,564.08. The trade was a 3.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the sale, the chief executive officer directly owned 564,528 shares in the company, valued at approximately $153,653,231.04. This trade represents a 0.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup upped their target price on Generac from $226.00 to $263.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Barclays upped their target price on Generac from $213.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Friday, March 27th. Roth Mkm restated a “neutral” rating and issued a $257.00 target price on shares of Generac in a research report on Thursday, April 30th. Stephens restated an “overweight” rating and issued a $290.00 target price on shares of Generac in a research report on Thursday, May 21st. Finally, Raymond James Financial set a $302.00 price target on Generac in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and an average target price of $278.65.

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.