15,333 Shares in Generac Holdings Inc. $GNRC Purchased by FFG Partners LLC

FFG Partners LLC purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,333 shares of the technology company’s stock, valued at approximately $2,995,000. Generac accounts for approximately 1.2% of FFG Partners LLC’s portfolio, making the stock its 19th biggest position.

Other hedge funds have also bought and sold shares of the company. True Vision MN LLC grew its holdings in Generac by 4.2% in the first quarter. True Vision MN LLC now owns 3,708 shares of the technology company’s stock valued at $724,000 after purchasing an additional 148 shares during the period. Westhampton Capital LLC acquired a new position in shares of Generac during the 1st quarter worth approximately $234,000. Polianta Ltd acquired a new position in shares of Generac during the 1st quarter worth approximately $1,543,000. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Generac during the 1st quarter valued at approximately $2,206,000. Finally, E. Ohman J or Asset Management AB purchased a new position in shares of Generac during the 1st quarter valued at approximately $19,972,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

In other Generac news, insider Norman P. Taffe sold 550 shares of Generac stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $272.26, for a total value of $149,743.00. Following the completion of the transaction, the insider directly owned 16,108 shares of the company’s stock, valued at $4,385,564.08. The trade was a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the sale, the chief executive officer owned 564,528 shares in the company, valued at $153,653,231.04. This trade represents a 0.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.40% of the company’s stock.

Generac Trading Up 6.0%

Shares of GNRC opened at $295.79 on Tuesday. Generac Holdings Inc. has a 12-month low of $126.72 and a 12-month high of $296.03. The firm has a market capitalization of $17.41 billion, a P/E ratio of 92.72, a P/E/G ratio of 2.61 and a beta of 1.93. The firm has a 50-day moving average price of $253.22 and a 200 day moving average price of $207.25. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.47. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Generac had a return on equity of 15.45% and a net margin of 4.37%.The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.26 earnings per share. Sell-side analysts forecast that Generac Holdings Inc. will post 8.91 EPS for the current year.

Wall Street Analyst Weigh In

GNRC has been the topic of several research analyst reports. Zacks Research lowered shares of Generac from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Stifel Nicolaus set a $275.00 price target on shares of Generac in a research note on Thursday, April 30th. JPMorgan Chase & Co. lifted their price objective on Generac from $229.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Wells Fargo & Company boosted their price objective on Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Citigroup increased their target price on Generac from $226.00 to $263.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $278.65.

Generac Company 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.