Blair William & Co. IL Buys 16,182 Shares of Generac Holdings Inc. $GNRC

Blair William & Co. IL grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 7.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 242,150 shares of the technology company’s stock after acquiring an additional 16,182 shares during the period. Blair William & Co. IL owned about 0.41% of Generac worth $40,536,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. NewEdge Advisors LLC lifted its stake in Generac by 6.2% in the first quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock valued at $309,000 after purchasing an additional 142 shares during the last quarter. Woodline Partners LP grew its holdings in Generac by 40.9% during the first quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock valued at $638,000 after purchasing an additional 1,463 shares during the period. Atria Investments Inc increased its position in Generac by 12.8% in the second quarter. Atria Investments Inc now owns 2,808 shares of the technology company’s stock worth $402,000 after buying an additional 318 shares during the last quarter. Huntington National Bank raised its stake in shares of Generac by 54.6% in the second quarter. Huntington National Bank now owns 702 shares of the technology company’s stock valued at $101,000 after buying an additional 248 shares during the period. Finally, Moors & Cabot Inc. bought a new stake in shares of Generac in the second quarter valued at $214,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Activity

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

Generac Price Performance

Shares of NYSE GNRC opened at $204.18 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $241.09. The stock has a market cap of $11.98 billion, a PE ratio of 76.19, a price-to-earnings-growth ratio of 1.49 and a beta of 1.74. The stock has a fifty day moving average of $184.27 and a 200-day moving average of $173.84.

Generac (NYSE:GNRC) last issued 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 company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a return on equity of 14.55% and a net margin of 3.79%.The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.80 EPS. Equities research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on GNRC. Zacks Research upgraded Generac from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Roth Mkm restated a “neutral” rating and issued a $220.00 price objective on shares of Generac in a research note on Thursday, February 12th. Guggenheim reiterated a “neutral” rating and set a $202.00 target price on shares of Generac in a research report on Tuesday, February 10th. Wells Fargo & Company lifted their target price on shares of Generac from $185.00 to $234.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, Canaccord Genuity Group set a $275.00 price target on shares of Generac in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $220.19.

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.