Union Square Park Capital Management LLC Buys Shares of 5,000 Generac Holdings Inc. $GNRC

Union Square Park Capital Management LLC purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the first quarter, according to its most recent filing with the SEC. The firm purchased 5,000 shares of the technology company’s stock, valued at approximately $977,000.

Several other institutional investors have also modified their holdings of the company. MUFG Securities EMEA plc acquired a new stake in shares of Generac in the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Generac during the third quarter worth $26,000. Avalon Trust Co purchased a new stake in Generac during the first quarter worth $32,000. GHP Investment Advisors Inc. purchased a new stake in Generac during the first quarter worth $36,000. Finally, Root Financial Partners LLC grew its holdings in Generac by 32.9% in the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock valued at $43,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. UBS Group raised their price target on Generac from $305.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. JPMorgan Chase & Co. boosted their price objective on shares of Generac from $229.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Stifel Nicolaus set a $275.00 target price on shares of Generac in a report on Thursday, April 30th. Citigroup lifted their target price on shares of Generac from $263.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Finally, Zacks Research downgraded shares of Generac from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $286.44.

Generac Trading Down 4.0%

Shares of Generac stock opened at $202.13 on Friday. Generac Holdings Inc. has a fifty-two week low of $134.80 and a fifty-two week high of $296.44. The business’s fifty day moving average is $256.28 and its two-hundred day moving average is $222.70. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47. The firm has a market cap of $11.90 billion, a PE ratio of 63.36, a P/E/G ratio of 1.89 and a beta of 1.89.

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

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $272.18, for a total value of $1,360,900.00. Following the sale, the chief executive officer directly owned 564,528 shares of the company’s stock, valued at approximately $153,653,231.04. This trade represents a 0.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of Generac stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $256.00, for a total value of $140,800.00. Following the completion of the sale, the insider owned 15,808 shares of the company’s stock, valued at $4,046,848. This trade represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,100 shares of company stock worth $1,651,443 over the last quarter. 2.40% of the stock is currently owned by company insiders.

About Generac

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.