Leonteq Securities AG Makes New Investment in Generac Holdings Inc. $GNRC

Leonteq Securities AG bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,955 shares of the technology company’s stock, valued at approximately $948,000.

A number of other institutional investors also recently bought and sold shares of the company. MUFG Securities EMEA plc acquired a new position in shares of Generac in the second quarter worth $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Generac in the third quarter worth $26,000. Sentry Investment Management LLC raised its holdings in shares of Generac by 69.8% in the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Generac by 47.3% in the third quarter. Parkside Financial Bank & Trust now owns 274 shares of the technology company’s stock worth $46,000 after acquiring an additional 88 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Generac in the third quarter worth $46,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Generac in a report on Tuesday. Argus boosted their price target on Generac from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Jefferies Financial Group assumed coverage on Generac in a report on Friday, March 20th. They issued a “hold” rating and a $222.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Generac from $229.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Roth Mkm reissued a “neutral” rating and issued a $257.00 price target on shares of Generac in a report on Thursday, April 30th. Two equities research 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $270.31.

Insider Buying and Selling

In related news, CFO York A. Ragen sold 24,362 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the transaction, the chief financial officer directly owned 137,182 shares in the company, valued at approximately $32,321,451.02. This represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.40% of the company’s stock.

Generac Stock Performance

Generac stock opened at $247.91 on Friday. The firm has a market capitalization of $14.59 billion, a P/E ratio of 77.72, a PEG ratio of 2.29 and a beta of 1.93. The stock has a fifty day moving average price of $221.62 and a 200 day moving average price of $188.65. Generac Holdings Inc. has a 52 week low of $118.09 and a 52 week high of $276.80. 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 released its earnings results on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.33 by $0.47. The firm 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 business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 earnings per share. Equities research analysts anticipate that Generac Holdings Inc. will post 8.91 earnings per share for the current year.

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.