Values First Advisors Inc. Buys Shares of 2,173 Generac Holdings Inc. $GNRC

Values First Advisors Inc. bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,173 shares of the technology company’s stock, valued at approximately $424,000.

Several other institutional investors and hedge funds also recently modified their holdings of GNRC. Greenbush Financial Group LLC raised its position in shares of Generac by 4.0% during the 1st quarter. Greenbush Financial Group LLC now owns 8,658 shares of the technology company’s stock worth $1,691,000 after purchasing an additional 329 shares during the last quarter. FFG Partners LLC purchased a new position in Generac during the first quarter worth $2,995,000. True Vision MN LLC increased its position in Generac by 4.2% during the first quarter. True Vision MN LLC now owns 3,708 shares of the technology company’s stock worth $724,000 after buying an additional 148 shares in the last quarter. Westhampton Capital LLC acquired a new position in shares of Generac in the first quarter worth $234,000. Finally, Polianta Ltd purchased a new stake in shares of Generac in the first quarter valued at $1,543,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the completion of the sale, the chief executive officer directly owned 564,528 shares of the company’s stock, valued at $153,653,231.04. The trade was a 0.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $272.26, for a total value of $149,743.00. Following the sale, the insider owned 16,108 shares of the company’s stock, valued at approximately $4,385,564.08. The trade was a 3.30% 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. Company insiders own 2.40% of the company’s stock.

Generac Trading Up 6.0%

NYSE GNRC opened at $295.79 on Tuesday. Generac Holdings Inc. has a 12 month low of $126.72 and a 12 month high of $296.03. The company has a 50-day moving average of $253.22 and a 200-day moving average of $207.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99. The company has a market cap of $17.41 billion, a P/E ratio of 92.72, a P/E/G ratio of 2.61 and a beta of 1.93.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.47. Generac had a net margin of 4.37% and a return on equity of 15.45%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the company earned $1.26 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, equities analysts predict that Generac Holdings Inc. will post 8.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Generac in a research note on Wednesday, June 3rd. Weiss Ratings lowered shares of Generac from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. TD Cowen raised their price target on shares of Generac from $255.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Roth Mkm reaffirmed a “neutral” rating and set a $257.00 price target on shares of Generac in a research note on Thursday, April 30th. Finally, Raymond James Financial set a $302.00 price target on shares of Generac in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.65.

Generac Company 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.