Integrated Advisors Network LLC Has $1.34 Million Holdings in Generac Holdings Inc. $GNRC

Integrated Advisors Network LLC increased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 193.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,887 shares of the technology company’s stock after purchasing an additional 4,544 shares during the quarter. Integrated Advisors Network LLC’s holdings in Generac were worth $1,345,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. raised its position in shares of Generac by 49.9% during the fourth quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company’s stock worth $330,557,000 after acquiring an additional 806,430 shares during the last quarter. State Street Corp increased its position in Generac by 2.1% during the 2nd quarter. State Street Corp now owns 2,189,927 shares of the technology company’s stock valued at $313,619,000 after purchasing an additional 45,592 shares during the period. Boston Partners increased its position in Generac by 7.1% during the 3rd quarter. Boston Partners now owns 1,947,332 shares of the technology company’s stock valued at $326,003,000 after purchasing an additional 128,439 shares during the period. Geode Capital Management LLC raised its holdings in Generac by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,490,876 shares of the technology company’s stock worth $202,943,000 after purchasing an additional 6,332 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Generac by 20.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,104,362 shares of the technology company’s stock worth $184,870,000 after purchasing an additional 189,457 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer owned 564,528 shares in the company, valued at approximately $153,653,231.04. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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 stock in a transaction on Monday, July 6th. The shares were sold at an average price of $256.00, for a total value of $140,800.00. Following the completion of the sale, the insider directly owned 15,808 shares of the company’s stock, valued at $4,046,848. The trade was a 3.36% 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. Over the last three months, insiders sold 6,100 shares of company stock valued at $1,651,443. Company insiders own 2.40% of the company’s stock.

Generac Trading Up 0.5%

NYSE:GNRC opened at $236.89 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99. Generac Holdings Inc. has a one year low of $134.80 and a one year high of $296.44. The company has a market cap of $13.95 billion, a PE ratio of 74.26, a PEG ratio of 2.21 and a beta of 1.89. The firm has a 50-day moving average of $266.50 and a 200-day moving average of $216.51.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.47. The business had revenue of $1.06 billion for 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 EPS. As a group, equities research analysts expect that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on GNRC. Wall Street Zen raised shares of Generac from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Jefferies Financial Group reissued a “buy” rating on shares of Generac in a research note on Wednesday, June 3rd. Roth Capital restated a “neutral” rating and issued a $257.00 target price on shares of Generac in a report on Thursday, April 30th. Raymond James Financial set a $302.00 price target on shares of Generac in a research report on Friday, May 22nd. Finally, Citigroup increased their price target on Generac from $263.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and a consensus price target of $284.18.

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.