2,173 Shares in Generac Holdings Inc. $GNRC Acquired by Values First Advisors Inc.

Values First Advisors Inc. purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,173 shares of the technology company’s stock, valued at approximately $424,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Generac during the third quarter worth approximately $26,000. MUFG Securities EMEA plc purchased a new position in shares of Generac in the 2nd quarter valued at $25,000. Quarry LP lifted its holdings in shares of Generac by 66.2% during the 3rd quarter. Quarry LP now owns 399 shares of the technology company’s stock valued at $67,000 after acquiring an additional 159 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Generac during the 3rd quarter valued at $67,000. Finally, IFP Advisors Inc boosted its position in Generac by 33.8% during the 4th quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock worth $59,000 after purchasing an additional 110 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on GNRC shares. UBS Group increased their price target on Generac from $305.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Generac in a research report on Wednesday, June 3rd. TD Cowen increased their target price on Generac from $255.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Citigroup raised their target price on Generac from $226.00 to $263.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Finally, Raymond James Financial set a $302.00 price target on Generac in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $278.65.

Generac Stock Performance

Generac stock 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 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 capitalization of $17.41 billion, a price-to-earnings ratio of 92.72, a price-to-earnings-growth ratio of 2.61 and a beta of 1.93. The firm’s fifty day moving average price is $253.22 and its 200 day moving average price is $207.25.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 earnings per share 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 analysts’ expectations of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 EPS. On average, research analysts forecast that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the 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 completion of the transaction, the chief executive officer directly owned 564,528 shares in the company, valued at approximately $153,653,231.04. This represents a 0.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of Generac stock in a transaction on Friday, June 5th. The stock was sold at an average price of $272.26, for a total transaction of $149,743.00. Following the completion of the sale, the insider owned 16,108 shares of the company’s stock, valued at approximately $4,385,564.08. This trade represents a 3.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.40% of the company’s stock.

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.