Oak Family Advisors LLC Grows Position in Generac Holdings Inc. $GNRC

Oak Family Advisors LLC raised its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 29.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 58,581 shares of the technology company’s stock after purchasing an additional 13,276 shares during the quarter. Generac comprises about 2.1% of Oak Family Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. Oak Family Advisors LLC’s holdings in Generac were worth $7,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in GNRC. Sequoia Financial Advisors LLC raised its stake in Generac by 61.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 6,897 shares of the technology company’s stock valued at $941,000 after purchasing an additional 2,630 shares in the last quarter. Robeco Schweiz AG purchased a new stake in Generac during the fourth quarter valued at $51,020,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Generac by 1.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 66,953 shares of the technology company’s stock valued at $9,447,000 after purchasing an additional 1,036 shares in the last quarter. Benjamin Edwards Inc. raised its stake in Generac by 55.2% during the fourth quarter. Benjamin Edwards Inc. now owns 13,898 shares of the technology company’s stock valued at $1,895,000 after purchasing an additional 4,943 shares in the last quarter. Finally, Manhattan West Asset Management LLC raised its stake in Generac by 8.8% during the fourth quarter. Manhattan West Asset Management LLC now owns 4,736 shares of the technology company’s stock valued at $646,000 after purchasing an additional 382 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Transactions at Generac

In related news, CFO York A. Ragen sold 24,362 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer owned 137,182 shares in the company, valued at $32,321,451.02. The trade was a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is currently owned by insiders.

Generac Stock Performance

NYSE GNRC opened at $266.81 on Friday. The company has a market cap of $15.69 billion, a P/E ratio of 83.64, a P/E/G ratio of 2.50 and a beta of 1.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 2.03. The business’s 50 day moving average price is $213.65 and its 200-day moving average price is $183.31. Generac Holdings Inc. has a fifty-two week low of $117.22 and a fifty-two week high of $269.58.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GNRC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a research note on Thursday, January 22nd. UBS Group upped their price target on shares of Generac from $270.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company upped their price target on shares of Generac from $238.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Roth Mkm reissued a “neutral” rating and set a $257.00 target price on shares of Generac in a research report on Thursday, April 30th. Finally, Canaccord Genuity Group boosted their target price on Generac from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Generac presently has an average rating of “Moderate Buy” and an average price target of $270.31.

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.