Banque Cantonale Vaudoise lifted its stake in Generac Holdings Inc. (NYSE:GNRC – Free Report) by 60.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,459 shares of the technology company’s stock after purchasing an additional 1,678 shares during the period. Banque Cantonale Vaudoise’s holdings in Generac were worth $665,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. WealthPLAN Partners LLC bought a new position in shares of Generac in the 1st quarter worth $60,000. Lyell Wealth Management LP lifted its holdings in Generac by 30.0% during the second quarter. Lyell Wealth Management LP now owns 15,559 shares of the technology company’s stock worth $2,320,000 after acquiring an additional 3,594 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Generac by 93.4% during the second quarter. SG Americas Securities LLC now owns 9,188 shares of the technology company’s stock worth $1,370,000 after acquiring an additional 4,437 shares in the last quarter. Level Four Advisory Services LLC bought a new position in Generac during the first quarter worth about $247,000. Finally, Desjardins Global Asset Management Inc. lifted its holdings in Generac by 30.6% during the first quarter. Desjardins Global Asset Management Inc. now owns 2,170 shares of the technology company’s stock worth $235,000 after acquiring an additional 508 shares in the last quarter. 87.59% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have weighed in on GNRC. Bank of America upgraded Generac from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $76.00 to $110.00 in a report on Wednesday. StockNews.com started coverage on Generac in a report on Thursday, October 5th. They set a “hold” rating on the stock. BNP Paribas started coverage on Generac in a research note on Friday, October 20th. They issued an “underperform” rating and a $78.00 price target on the stock. OTR Global raised Generac from a “negative” rating to a “mixed” rating in a research note on Thursday, October 5th. Finally, Citigroup dropped their price target on Generac from $133.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $139.82.
Generac Trading Up 1.1 %
Shares of GNRC stock opened at $110.78 on Thursday. The company has a current ratio of 2.41, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The stock has a market cap of $6.81 billion, a P/E ratio of 43.44, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31. The stock has a 50 day simple moving average of $102.72 and a 200 day simple moving average of $116.64. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $156.95.
Generac (NYSE:GNRC – Get Free Report) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.09. Generac had a return on equity of 13.73% and a net margin of 4.72%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company posted $1.75 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, research analysts predict that Generac Holdings Inc. will post 5.35 earnings per share for the current fiscal year.
Insider Buying and Selling at Generac
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $120.23, for a total transaction of $601,150.00. Following the completion of the transaction, the chief executive officer now directly owns 602,690 shares in the company, valued at $72,461,418.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $120.23, for a total transaction of $601,150.00. Following the completion of the transaction, the chief executive officer now directly owns 602,690 shares in the company, valued at $72,461,418.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Rajendra Kumar Kanuru sold 250 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $108.24, for a total transaction of $27,060.00. Following the transaction, the executive vice president now owns 15,868 shares of the company’s stock, valued at $1,717,552.32. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock worth $1,675,768 over the last three months. Corporate insiders own 2.80% of the company’s stock.
Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, energy management devices and solutions, and other power products for the residential, light commercial, and industrial markets worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; residential storage solution consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; Mobile Link, a remote monitoring system for home standby generators; smart home solutions, such as smart thermostats and a suite of home monitoring products; smart water heater controllers; residential clean energy solutions; and portable and inverter generators; outdoor power equipment, including trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, and pressure washers and water pumps; and battery-powered turf care products.
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