Ieq Capital LLC Takes Position in Generac Holdings Inc. $GNRC

Ieq Capital LLC acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,962 shares of the technology company’s stock, valued at approximately $4,381,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GNRC. N.E.W. Advisory Services LLC acquired a new position in Generac in the second quarter valued at approximately $25,000. MUFG Securities EMEA plc acquired a new stake in shares of Generac during the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Generac in the 3rd quarter worth approximately $26,000. Avalon Trust Co bought a new stake in shares of Generac in the 1st quarter worth approximately $32,000. Finally, Essential Partners LLC boosted its position in Generac by 57.0% during the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after purchasing an additional 61 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GNRC. Jefferies Financial Group reaffirmed a “buy” rating on shares of Generac in a research report on Wednesday, June 3rd. Zacks Research raised shares of Generac from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Raymond James Financial set a $302.00 price target on shares of Generac in a research report on Friday, May 22nd. Wells Fargo & Company increased their price objective on shares of Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Barclays cut their price objective on shares of Generac from $285.00 to $278.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and an average target price of $284.84.

Generac Stock Down 1.1%

GNRC opened at $203.66 on Tuesday. The stock’s 50 day moving average price is $232.30 and its 200 day moving average price is $229.95. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00. The stock has a market cap of $12.02 billion, a P/E ratio of 46.93, a P/E/G ratio of 1.75 and a beta of 1.92. Generac Holdings Inc. has a 12 month low of $134.80 and a 12 month high of $296.44.

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

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.89, for a total transaction of $974,450.00. Following the transaction, the chief executive officer owned 554,528 shares of the company’s stock, valued at approximately $108,071,961.92. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Andrew Raabe sold 586 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $213.35, for a total transaction of $125,023.10. Following the sale, the insider owned 10,746 shares in the company, 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. Insiders have sold a total of 12,236 shares of company stock worth $2,871,273 over the last ninety days. 2.40% of the stock is currently owned by corporate insiders.

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.