Toroso Investments LLC Grows Holdings in Generac Holdings Inc. (NYSE:GNRC)

Toroso Investments LLC boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 58.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,673 shares of the technology company’s stock after acquiring an additional 3,201 shares during the period. Toroso Investments LLC’s holdings in Generac were worth $937,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. WealthPLAN Partners LLC purchased a new stake in shares of Generac in the 1st quarter worth approximately $60,000. Exchange Traded Concepts LLC purchased a new stake in shares of Generac in the first quarter worth $44,000. Arrow Investment Advisors LLC bought a new position in shares of Generac during the fourth quarter valued at $207,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Generac by 24.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 10,551 shares of the technology company’s stock worth $1,140,000 after purchasing an additional 2,064 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. boosted its stake in Generac by 30.6% in the 1st quarter. Desjardins Global Asset Management Inc. now owns 2,170 shares of the technology company’s stock worth $235,000 after purchasing an additional 508 shares in the last quarter. Institutional investors own 87.59% of the company’s stock.

Generac Price Performance

Shares of NYSE:GNRC opened at $110.01 on Tuesday. The company has a market capitalization of $6.85 billion, a P/E ratio of 45.65, a P/E/G ratio of 2.07 and a beta of 1.28. Generac Holdings Inc. has a 1-year low of $86.29 and a 1-year high of $201.19. The firm’s 50 day simple moving average is $124.78 and its two-hundred day simple moving average is $118.97. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.43 and a quick ratio of 0.89.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, August 2nd. The technology company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.08). The firm had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $979.51 million. Generac had a net margin of 4.64% and a return on equity of 14.23%. The firm’s quarterly revenue was down 22.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.99 EPS. Research analysts expect that Generac Holdings Inc. will post 5.41 EPS for the current fiscal year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $149.15, for a total value of $745,750.00. Following the completion of the transaction, the chief executive officer now directly owns 612,690 shares in the company, valued at approximately $91,382,713.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $149.15, for a total transaction of $745,750.00. Following the completion of the transaction, the chief executive officer now owns 612,690 shares in the company, valued at $91,382,713.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Rajendra Kumar Kanuru sold 250 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $149.15, for a total value of $37,287.50. Following the transaction, the executive vice president now directly owns 16,618 shares of the company’s stock, valued at $2,478,574.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,500 shares of company stock valued at $1,414,245. 2.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GNRC shares. StockNews.com assumed coverage on shares of Generac in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Argus upgraded Generac from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a research note on Tuesday, July 11th. JPMorgan Chase & Co. increased their price objective on Generac from $169.00 to $189.00 in a research report on Wednesday, July 19th. CL King initiated coverage on Generac in a research report on Monday, July 24th. They issued a “buy” rating and a $178.00 target price for the company. Finally, The Goldman Sachs Group reduced their price target on shares of Generac from $154.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Generac presently has an average rating of “Hold” and an average price target of $143.04.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, energy management devices and solutions, and other power products for the residential, light commercial, and industrial markets worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; residential storage solution consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; Mobile Link, a remote monitoring system for home standby generators; smart home solutions, such as smart thermostats and a suite of home monitoring products; smart water heater controllers; residential clean energy solutions; and portable and inverter generators; outdoor power equipment, including trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, and pressure washers and water pumps; and battery-powered turf care products.