Diversified Trust Co Invests $598,000 in Generac Holdings Inc. $GNRC

Diversified Trust Co purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,570 shares of the technology company’s stock, valued at approximately $598,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GNRC. Vident Advisory LLC grew its stake in shares of Generac by 23.9% during the first quarter. Vident Advisory LLC now owns 1,742 shares of the technology company’s stock valued at $221,000 after buying an additional 336 shares during the last quarter. Graham Capital Management L.P. boosted its holdings in Generac by 36.9% during the 1st quarter. Graham Capital Management L.P. now owns 5,097 shares of the technology company’s stock valued at $646,000 after acquiring an additional 1,373 shares during the period. EP Wealth Advisors LLC bought a new position in Generac in the 1st quarter valued at $352,000. Federation des caisses Desjardins du Quebec increased its stake in Generac by 2.6% in the first quarter. Federation des caisses Desjardins du Quebec now owns 8,775 shares of the technology company’s stock worth $1,111,000 after purchasing an additional 223 shares during the period. Finally, Amundi increased its stake in Generac by 8.2% in the first quarter. Amundi now owns 105,038 shares of the technology company’s stock worth $12,147,000 after purchasing an additional 7,923 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of Generac from a “neutral” rating to an “overweight” rating and set a $200.00 target price for the company in a research note on Monday, December 8th. Canaccord Genuity Group reissued a “buy” rating and issued a $240.00 price objective on shares of Generac in a research report on Thursday, October 30th. Citigroup reduced their target price on shares of Generac from $217.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Barclays lifted their price target on shares of Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. Finally, Wall Street Zen cut Generac from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. Fifteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.11.

Generac Trading Up 3.5%

NYSE:GNRC opened at $141.09 on Friday. The firm has a 50-day simple moving average of $153.23 and a 200-day simple moving average of $165.18. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $203.25. The firm has a market cap of $8.28 billion, a P/E ratio of 26.87, a P/E/G ratio of 1.09 and a beta of 1.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.02 and a current ratio of 2.18.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.42). The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Generac had a net margin of 6.92% and a return on equity of 17.63%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.25 earnings per share. Equities analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total value of $832,150.00. Following the completion of the transaction, the chief executive officer directly owned 542,966 shares of the company’s stock, valued at approximately $90,365,831.38. The trade was a 0.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.70% of the company’s stock.

Generac 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.