Meadowbrook Advisors Group LLC Purchases Shares of 2,699 Generac Holdings Inc. $GNRC

Meadowbrook Advisors Group LLC purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 2,699 shares of the technology company’s stock, valued at approximately $368,000.

Other institutional investors have also recently made changes to their positions in the company. MUFG Securities EMEA plc acquired a new stake in shares of Generac in the 2nd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Generac during the third quarter worth $26,000. IFP Advisors Inc increased its holdings in Generac by 33.8% during the fourth quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock worth $59,000 after buying an additional 110 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Generac during the fourth quarter worth $61,000. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in Generac during the third quarter worth $67,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Transactions at Generac

In related news, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $272.26, for a total value of $149,743.00. Following the transaction, the insider owned 16,108 shares in the company, valued at approximately $4,385,564.08. This represents a 3.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 dated Monday, June 1st. The shares were sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the completion of the transaction, the chief executive officer directly owned 564,528 shares in the company, valued at approximately $153,653,231.04. This represents a 0.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.40% of the company’s stock.

Generac Trading Down 0.0%

Shares of Generac stock opened at $279.09 on Friday. The business has a fifty day simple moving average of $251.44 and a two-hundred day simple moving average of $205.86. Generac Holdings Inc. has a 1 year low of $125.80 and a 1 year high of $294.18. The company has a market capitalization of $16.43 billion, a price-to-earnings ratio of 87.49, a P/E/G ratio of 2.61 and a beta of 1.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Citigroup increased their price target on shares of Generac from $226.00 to $263.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. upped their target price on shares of Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Generac in a report on Wednesday, June 3rd. Zacks Research downgraded shares of Generac from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Raymond James Financial set a $302.00 price target on Generac in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $278.65.

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.