Polianta Ltd Purchases Shares of 7,900 Generac Holdings Inc. $GNRC

Polianta Ltd acquired a new position in Generac Holdings Inc. (NYSE:GNRC) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,900 shares of the technology company’s stock, valued at approximately $1,543,000.

Several other large investors have also bought and sold shares of GNRC. MUFG Securities EMEA plc bought a new stake in Generac in the second quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Generac in the 3rd quarter valued at about $26,000. IFP Advisors Inc boosted its position in shares of Generac by 33.8% during the 4th quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock valued at $59,000 after purchasing an additional 110 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Generac during the 4th quarter valued at about $61,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in shares of Generac in the 3rd quarter worth approximately $67,000. Institutional investors own 84.04% of the company’s stock.

Insider Activity at Generac

In other Generac news, insider Norman P. Taffe sold 550 shares of Generac stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $272.26, for a total transaction of $149,743.00. Following the transaction, the insider directly owned 16,108 shares in the company, valued at approximately $4,385,564.08. The trade was a 3.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on 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 transaction, the chief executive officer owned 564,528 shares in the company, valued at approximately $153,653,231.04. The trade was 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. 2.40% of the stock is currently owned by corporate insiders.

Generac Trading Down 0.0%

Shares of GNRC opened at $279.09 on Friday. The business’s 50-day moving average price is $251.44 and its 200 day moving average price is $205.86. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $16.43 billion, a P/E ratio of 87.49, a P/E/G ratio of 2.61 and a beta of 1.93. Generac Holdings Inc. has a 1-year low of $125.80 and a 1-year high of $294.18.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 4.37% and a return on equity of 15.45%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 earnings per share. Analysts expect that Generac Holdings Inc. will post 8.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GNRC shares. Stephens reiterated an “overweight” rating and issued a $290.00 target price on shares of Generac in a report on Thursday, May 21st. Zacks Research cut shares of Generac from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Weiss Ratings lowered shares of Generac from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Wells Fargo & Company upped their price target on Generac from $238.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Argus increased their price objective on Generac from $255.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Generac has an average rating of “Moderate Buy” and a consensus price target of $278.65.

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.