Altman Advisors Inc. Purchases New Stake in Generac Holdings Inc. $GNRC

Altman Advisors Inc. acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,793 shares of the technology company’s stock, valued at approximately $1,807,000.

Other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB lifted its holdings in shares of Generac by 21.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 331 shares of the technology company’s stock worth $55,000 after acquiring an additional 59 shares during the period. Sentry Investment Management LLC increased its stake in Generac by 69.8% in the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Beacon Investment Advisors LLC raised its position in Generac by 0.3% during the second quarter. Beacon Investment Advisors LLC now owns 26,226 shares of the technology company’s stock valued at $3,735,000 after purchasing an additional 70 shares in the last quarter. ORG Partners LLC raised its position in Generac by 24.7% during the third quarter. ORG Partners LLC now owns 369 shares of the technology company’s stock valued at $62,000 after purchasing an additional 73 shares in the last quarter. Finally, Argent Trust Co lifted its stake in Generac by 2.3% during the third quarter. Argent Trust Co now owns 3,272 shares of the technology company’s stock worth $548,000 after purchasing an additional 73 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. TD Cowen raised their target price on Generac from $220.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Stifel Nicolaus set a $235.00 price objective on Generac in a research report on Thursday, February 12th. Citigroup raised Generac from a “neutral” rating to a “buy” rating and set a $207.00 price objective on the stock in a research note on Thursday, January 8th. UBS Group reiterated a “buy” rating and issued a $270.00 target price on shares of Generac in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. raised 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. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Generac presently has an average rating of “Moderate Buy” and a consensus price target of $220.19.

Insider Activity at Generac

In other news, CFO York A. Ragen sold 24,362 shares of Generac stock in a transaction dated 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 of the company’s stock, valued at approximately $32,321,451.02. This trade represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

Generac Stock Down 6.7%

Shares of GNRC opened at $204.18 on Monday. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $241.09. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 76.19, a PEG ratio of 1.49 and a beta of 1.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03. The stock has a fifty day moving average of $184.27 and a 200-day moving average of $173.73.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.20). Generac had a net margin of 3.79% and a return on equity of 14.55%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business earned $2.80 EPS. The company’s revenue was down 11.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

About Generac

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.