5,485 Shares in Generac Holdings Inc. $GNRC Acquired by Wealth Effects LLC

Wealth Effects LLC acquired a new stake in Generac Holdings Inc. (NYSE:GNRC) in the second quarter, according to its most recent filing with the SEC. The fund acquired 5,485 shares of the technology company’s stock, valued at approximately $1,606,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nicollet Investment Management Inc. lifted its position in shares of Generac by 0.7% during the fourth quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock worth $1,055,000 after acquiring an additional 50 shares in the last quarter. Root Financial Partners LLC grew its position in shares of 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 in the last quarter. Gen Wealth Partners Inc grew its position in shares of Generac by 8.7% in the fourth quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company’s stock valued at $92,000 after purchasing an additional 54 shares in the last quarter. Meridian Financial Partners LLC raised its stake in shares of Generac by 0.6% during the 4th quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company’s stock valued at $1,371,000 after purchasing an additional 61 shares during the period. Finally, Essential Partners LLC lifted its holdings in Generac by 57.0% during the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In other news, insider Norman P. Taffe sold 550 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total transaction of $120,356.50. Following the completion of the sale, the insider owned 15,508 shares of the company’s stock, valued at approximately $3,393,615.64. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Andrew Raabe sold 586 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $213.35, for a total transaction of $125,023.10. Following the sale, the insider directly owned 10,746 shares of the company’s stock, valued at $2,292,659.10. The trade was a 5.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 12,236 shares of company stock worth $2,871,273. 2.40% of the stock is currently owned by insiders.

Generac Trading Up 0.1%

Shares of GNRC opened at $219.58 on Monday. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 50.59, a PEG ratio of 1.88 and a beta of 1.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. Generac Holdings Inc. has a fifty-two week low of $134.80 and a fifty-two week high of $296.44. The firm has a 50 day moving average price of $238.22 and a 200-day moving average price of $228.31.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.01 by $0.90. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. Generac had a net margin of 5.82% and a return on equity of 17.83%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.65 EPS. As a group, equities research analysts forecast that Generac Holdings Inc. will post 9.72 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Raymond James Financial set a $302.00 target price on Generac in a research note on Friday, May 22nd. Robert W. Baird set a $305.00 price target on Generac in a research report on Thursday, July 30th. Roth Capital set a $214.00 price target on shares of Generac in a report on Thursday, July 30th. Stephens restated an “overweight” rating and issued a $290.00 price objective on shares of Generac in a research report on Thursday, May 21st. Finally, DA Davidson set a $333.00 target price on shares of Generac in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.84.

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.