18,591 Shares in Generac Holdings Inc. $GNRC Purchased by Corient Private Wealth LP

Corient Private Wealth LP acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 18,591 shares of the technology company’s stock, valued at approximately $5,444,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nicollet Investment Management Inc. lifted its position in Generac by 0.7% in the fourth quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock valued at $1,055,000 after buying an additional 50 shares during the last quarter. Root Financial Partners LLC increased its position in shares of Generac by 32.9% during the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock valued at $43,000 after acquiring an additional 54 shares during the last quarter. Gen Wealth Partners Inc raised its stake in shares of Generac by 8.7% in the 4th quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company’s stock valued at $92,000 after acquiring an additional 54 shares during the period. Meridian Financial Partners LLC raised its stake in shares of Generac by 0.6% in the 4th quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company’s stock valued at $1,371,000 after acquiring an additional 61 shares during the period. Finally, Essential Partners LLC lifted its holdings in shares of Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after acquiring an additional 61 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Price Performance

Shares of GNRC opened at $185.97 on Tuesday. The company has a market cap of $10.97 billion, a P/E ratio of 42.85, a PEG ratio of 1.57 and a beta of 1.92. Generac Holdings Inc. has a fifty-two week low of $134.80 and a fifty-two week high of $296.44. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average price is $224.10 and its 200 day moving average price is $230.49.

Generac (NYSE:GNRC) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $1.18 billion. Generac had a net margin of 5.82% and a return on equity of 17.83%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.65 EPS. On average, research analysts forecast that Generac Holdings Inc. will post 9.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GNRC has been the subject of a number of research analyst reports. Stephens reaffirmed an “overweight” rating and set a $290.00 price objective on shares of Generac in a research report on Thursday, May 21st. UBS Group boosted their target price on Generac from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Roth Capital set a $214.00 target price on Generac in a research report on Thursday, July 30th. DA Davidson set a $333.00 price target on Generac in a research note on Thursday, July 30th. Finally, Zacks Research upgraded Generac from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $284.84.

Insider Activity

In related news, insider Kyle Andrew Raabe sold 586 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $213.35, for a total transaction of $125,023.10. Following the completion of the transaction, 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. 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, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total value of $120,356.50. Following the sale, the insider owned 15,508 shares in the company, valued at approximately $3,393,615.64. This trade represents a 3.43% 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 three months, insiders have sold 7,236 shares of company stock worth $1,510,373. Corporate insiders own 2.40% of the company’s stock.

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.