Inceptionr LLC Takes Position in Generac Holdings Inc. $GNRC

Inceptionr LLC bought a new position in Generac Holdings Inc. (NYSE:GNRC) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,087 shares of the technology company’s stock, valued at approximately $852,000.

Other institutional investors have also recently bought and sold shares of the company. MUFG Securities EMEA plc bought a new stake in Generac in the 2nd quarter valued at $25,000. First Horizon Corp bought a new position in shares of Generac during the 3rd quarter worth about $28,000. Sentry Investment Management LLC boosted its position in shares of Generac by 69.8% during the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after acquiring an additional 67 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Generac during the 3rd quarter valued at about $41,000. Finally, Red Tortoise LLC bought a new stake in Generac in the third quarter valued at about $42,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Stock Performance

NYSE GNRC opened at $206.94 on Tuesday. The firm has a market cap of $12.14 billion, a price-to-earnings ratio of 77.22, a PEG ratio of 1.49 and a beta of 1.74. The company has a 50 day moving average of $185.65 and a 200-day moving average of $173.84. The company has a current ratio of 2.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $241.09.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, February 11th. The technology company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.20). The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a return on equity of 14.55% and a net margin of 3.79%.The firm’s revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.80 earnings per share. On average, equities analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Transactions at Generac

In other Generac news, CFO York A. Ragen sold 24,362 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total value of $5,739,930.82. Following the transaction, the chief financial officer owned 137,182 shares of the company’s stock, valued at approximately $32,321,451.02. The trade was a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GNRC. UBS Group restated a “buy” rating and set a $270.00 price target on shares of Generac in a research note on Friday, February 13th. Barclays upped their price objective on Generac from $186.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. TD Cowen increased their target price on Generac from $220.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Wells Fargo & Company raised their target price on Generac from $185.00 to $234.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, Robert W. Baird set a $292.00 price target on Generac in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $220.19.

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.