De Lisle Partners LLP Takes $4.97 Million Position in Generac Holdings Inc. $GNRC

De Lisle Partners LLP acquired a new stake in Generac Holdings Inc. (NYSE:GNRC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,000 shares of the technology company’s stock, valued at approximately $4,974,000.

Other large investors have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new stake in Generac during the 2nd quarter worth approximately $25,000. MUFG Securities EMEA plc purchased a new stake in shares of Generac during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Generac during the third quarter worth $26,000. Avalon Trust Co acquired a new stake in shares of Generac in the first quarter valued at $32,000. Finally, Essential Partners LLC raised its stake in shares of Generac by 57.0% in the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after acquiring an additional 61 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Stock Performance

Shares of GNRC stock opened at $206.51 on Friday. The company has a market cap of $12.19 billion, a P/E ratio of 47.58, a PEG ratio of 1.75 and a beta of 1.92. The firm has a fifty day moving average price of $233.63 and a 200 day moving average price of $229.33. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. Generac Holdings Inc. has a 12 month low of $134.80 and a 12 month high of $296.44.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.90. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.Generac’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the firm earned $1.65 earnings per share. Sell-side analysts predict that Generac Holdings Inc. will post 9.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GNRC. DA Davidson set a $333.00 target price on Generac in a research note on Thursday, July 30th. Wall Street Zen raised Generac from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Weiss Ratings raised Generac from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. UBS Group boosted their price objective on Generac from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of Generac from $229.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $284.84.

Insider Transactions at Generac

In related news, insider Norman P. Taffe sold 550 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total transaction of $120,356.50. Following the completion of the sale, the insider owned 15,508 shares in the company, valued at $3,393,615.64. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Andrew Raabe sold 586 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $213.35, for a total value of $125,023.10. Following the completion of the transaction, the insider directly owned 10,746 shares of the company’s stock, valued at $2,292,659.10. This trade represents a 5.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 12,236 shares of company stock valued at $2,871,273. Corporate insiders own 2.40% of the company’s stock.

About Generac

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.