Wealth High Governance Capital Ltda Takes Position in Generac Holdings Inc. $GNRC

Wealth High Governance Capital Ltda acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 82,805 shares of the technology company’s stock, valued at approximately $24,246,000. Generac accounts for about 7.3% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its largest holding. Wealth High Governance Capital Ltda owned about 0.14% of Generac at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Generac during the 2nd quarter valued at $1,170,960,000. Invesco Ltd. boosted its stake in shares of Generac by 49.9% in the 4th quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company’s stock worth $330,557,000 after buying an additional 806,430 shares during the last quarter. State Street Corp grew its holdings in shares of Generac by 2.1% in the second quarter. State Street Corp now owns 2,189,927 shares of the technology company’s stock worth $313,619,000 after acquiring an additional 45,592 shares during the period. Boston Partners grew its holdings in shares of Generac by 7.1% in the third quarter. Boston Partners now owns 1,947,332 shares of the technology company’s stock worth $326,003,000 after acquiring an additional 128,439 shares during the period. Finally, Geode Capital Management LLC increased its position in Generac by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,490,876 shares of the technology company’s stock valued at $202,943,000 after acquiring an additional 6,332 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

In other Generac news, insider Kyle Andrew Raabe sold 586 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $213.35, for a total value of $125,023.10. Following the completion of the transaction, the insider directly owned 10,746 shares in the company, valued at $2,292,659.10. This represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.89, for a total transaction of $974,450.00. Following the completion of the sale, the chief executive officer directly owned 554,528 shares of the company’s stock, valued at approximately $108,071,961.92. This trade represents a 0.89% decrease in their ownership of the stock. 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. In the last ninety days, insiders sold 12,236 shares of company stock valued at $2,871,273. 2.40% of the stock is owned by corporate insiders.

Generac Stock Performance

NYSE:GNRC opened at $206.51 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. The stock has a 50-day simple moving average of $233.63 and a two-hundred day simple moving average of $229.74. The firm has a market capitalization of $12.19 billion, a PE ratio of 47.58, a P/E/G ratio of 1.75 and a beta of 1.92. Generac Holdings Inc. has a 52-week low of $134.80 and a 52-week high of $296.44.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.01 by $0.90. Generac had a return on equity of 17.83% and a net margin of 5.82%.The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company earned $1.65 earnings per share. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. Analysts forecast that Generac Holdings Inc. will post 9.78 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Wall Street Zen raised shares of Generac from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. UBS Group increased their price objective on shares of Generac from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Canaccord Genuity Group dropped their price objective on shares of Generac from $325.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, Stifel Nicolaus boosted their target price on shares of Generac from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.