32,000 Generac Holdings Inc. $GNRC Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its holdings in Generac Holdings Inc. (NYSE:GNRC) by 1,002.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,191 shares of the technology company’s stock after purchasing an additional 32,000 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Generac were worth $7,468,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its holdings in Generac by 40.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 24,241 shares of the technology company’s stock valued at $5,040,000 after buying an additional 6,941 shares during the period. Brighton Jones LLC increased its stake in shares of Generac by 43.6% during the 3rd quarter. Brighton Jones LLC now owns 3,306 shares of the technology company’s stock valued at $684,000 after acquiring an additional 1,004 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Generac by 10.0% during the 3rd quarter. Parallel Advisors LLC now owns 928 shares of the technology company’s stock valued at $192,000 after acquiring an additional 84 shares during the last quarter. Alps Advisors Inc. lifted its holdings in shares of Generac by 42.0% during the 3rd quarter. Alps Advisors Inc. now owns 9,358 shares of the technology company’s stock worth $1,937,000 after acquiring an additional 2,767 shares during the period. Finally, CenterBook Partners LP lifted its holdings in shares of Generac by 230.1% during the 3rd quarter. CenterBook Partners LP now owns 23,203 shares of the technology company’s stock worth $4,802,000 after acquiring an additional 16,174 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Generac

In related news, insider Norman P. Taffe sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $182.01, for a total value of $54,603.00. Following the transaction, the insider owned 10,676 shares in the company, valued at approximately $1,943,138.76. This trade represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Raabe sold 603 shares of Generac stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $212.57, for a total transaction of $128,179.71. Following the transaction, the insider directly owned 9,966 shares in the company, valued at approximately $2,118,472.62. This trade represents a 5.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 12,606 shares of company stock worth $2,491,310. 2.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Roth Capital raised their target price on shares of Generac from $214.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, September 17th. Raymond James Financial set a $279.00 price target on shares of Generac in a research report on Thursday, October 29th. Citigroup upped their price target on shares of Generac from $232.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. TD Cowen raised shares of Generac to a “strong-buy” rating in a research note on Monday, October 5th. Finally, UBS Group reiterated a “buy” rating on shares of Generac in a report on Friday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and a consensus target price of $290.41.

Generac Stock Performance

Shares of NYSE:GNRC opened at $176.13 on Monday. The firm has a market capitalization of $10.39 billion, a PE ratio of 34.88, a P/E/G ratio of 1.50 and a beta of 1.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.97 and a quick ratio of 1.06. The business has a 50-day moving average of $197.79 and a two-hundred day moving average of $218.22. Generac Holdings Inc. has a 12 month low of $134.80 and a 12 month high of $296.44.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, October 28th. The technology company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.14. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.32 billion. Generac had a return on equity of 18.78% and a net margin of 6.52%. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period last year, the business posted $1.83 EPS. As a group, research analysts forecast that Generac Holdings Inc. will post 9.84 earnings per share for the current year.

About Generac

Generac Holdings Inc designs and manufactures backup power generation equipment and energy technology solutions. Its products include home standby and portable generators, as well as power systems for commercial, industrial, and other applications.

The company also offers energy storage and management products, solar-related solutions, and services that help customers monitor and manage power use. Generac serves residential, commercial, and industrial customers, with a presence in North America and other markets around the world.

Founded in 1959, Generac has expanded from its generator-manufacturing roots into a broader provider of backup power and energy management technologies.