International Assets Investment Management LLC Buys New Stake in Generac Holdings Inc. (NYSE:GNRC)

International Assets Investment Management LLC bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, HoldingsChannel.com reports. The firm bought 138,933 shares of the technology company’s stock, valued at approximately $17,956,000.

A number of other hedge funds also recently bought and sold shares of GNRC. Ariel Investments LLC increased its position in Generac by 14.9% during the third quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock worth $219,047,000 after acquiring an additional 261,050 shares during the period. Invesco Ltd. raised its position in shares of Generac by 9.9% during the third quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock valued at $177,956,000 after buying an additional 147,523 shares during the last quarter. Impax Asset Management Group plc lifted its stake in shares of Generac by 3.3% in the third quarter. Impax Asset Management Group plc now owns 1,172,742 shares of the technology company’s stock valued at $127,151,000 after buying an additional 37,846 shares during the period. Northern Trust Corp grew its position in Generac by 9.0% during the third quarter. Northern Trust Corp now owns 673,384 shares of the technology company’s stock worth $73,372,000 after buying an additional 55,812 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Generac by 42.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 650,139 shares of the technology company’s stock valued at $70,839,000 after acquiring an additional 194,265 shares during the period. 84.04% of the stock is currently owned by institutional investors.

Generac Trading Up 3.7 %

Shares of NYSE GNRC opened at $133.38 on Friday. The company has a current ratio of 2.29, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average of $124.48 and a two-hundred day moving average of $118.20. Generac Holdings Inc. has a 1-year low of $79.86 and a 1-year high of $156.95. The company has a market cap of $8.06 billion, a PE ratio of 36.74, a P/E/G ratio of 1.76 and a beta of 1.41.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The firm had revenue of $889.27 million during the quarter, compared to analyst estimates of $886.60 million. During the same period last year, the company earned $0.63 earnings per share. The company’s revenue was up .2% on a year-over-year basis. As a group, equities analysts expect that Generac Holdings Inc. will post 6.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total value of $699,750.00. Following the transaction, the chief executive officer now directly owns 587,177 shares of the company’s stock, valued at $82,175,421.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GNRC. Citigroup raised their price objective on Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. TD Cowen decreased their price target on shares of Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Robert W. Baird increased their price objective on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. UBS Group decreased their target price on shares of Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Finally, Roth Mkm increased their price target on shares of Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $142.40.

Generac Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.