Apis Capital Advisors LLC Has $12.56 Million Stake in Generac Holdings Inc. $GNRC

Apis Capital Advisors LLC lifted its position in Generac Holdings Inc. (NYSE:GNRC) by 11.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,000 shares of the technology company’s stock after buying an additional 8,000 shares during the quarter. Generac comprises 2.8% of Apis Capital Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Apis Capital Advisors LLC owned 0.13% of Generac worth $12,555,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GNRC. State Street Corp grew its position in Generac by 2.1% in the second quarter. State Street Corp now owns 2,189,927 shares of the technology company’s stock worth $313,619,000 after acquiring an additional 45,592 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Generac by 17.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock worth $355,530,000 after purchasing an additional 324,809 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Generac by 40.9% during the 2nd quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company’s stock valued at $285,338,000 after purchasing an additional 577,933 shares in the last quarter. Boston Partners raised its holdings in shares of Generac by 7.1% during the 3rd quarter. Boston Partners now owns 1,947,332 shares of the technology company’s stock valued at $326,003,000 after purchasing an additional 128,439 shares in the last quarter. Finally, Ariel Investments LLC lifted its stake in shares of Generac by 11.7% in the 2nd quarter. Ariel Investments LLC now owns 1,804,595 shares of the technology company’s stock valued at $258,436,000 after purchasing an additional 188,717 shares during the last quarter. 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 business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the sale, the chief financial officer directly owned 137,182 shares in the company, valued at approximately $32,321,451.02. The trade was a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Generac Stock Down 1.7%

NYSE GNRC opened at $200.59 on Friday. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $241.09. The stock has a market cap of $11.77 billion, a PE ratio of 74.85, a PEG ratio of 1.46 and a beta of 1.74. The firm has a 50-day simple moving average of $191.17 and a 200 day simple moving average of $174.38. 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 (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, February 11th. The technology company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.20). The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 3.79% and a return on equity of 14.55%. The company’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.80 earnings per share. On average, research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GNRC shares. Robert W. Baird set a $292.00 price objective on shares of Generac in a report on Thursday, February 12th. JPMorgan Chase & Co. raised Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price target for the company in a research report on Monday, December 8th. UBS Group reiterated a “buy” rating and set a $270.00 price target on shares of Generac in a research note on Friday, February 13th. Zacks Research raised Generac from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Finally, Guggenheim reissued a “neutral” rating and issued a $202.00 price objective on shares of Generac in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.06.

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.