RB Capital Management LLC Takes $2.52 Million Position in Generac Holdings Inc. $GNRC

RB Capital Management LLC bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 8,619 shares of the technology company’s stock, valued at approximately $2,524,000.

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

Insider Buying and Selling

In related 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 value of $1,360,900.00. Following the completion of the transaction, the chief executive officer directly owned 564,528 shares of the company’s stock, valued at $153,653,231.04. This represents a 0.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $218.83, for a total value of $120,356.50. Following the completion of the sale, the insider owned 15,508 shares in the company, valued at approximately $3,393,615.64. This represents a 3.43% 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 sold 12,236 shares of company stock valued at $2,871,273 in the last three months. 2.40% of the stock is currently owned by corporate insiders.

Generac Trading Down 6.7%

Generac stock opened at $184.02 on Friday. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $226.30 and a two-hundred day moving average price of $230.15. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 42.40, a PEG ratio of 1.68 and a beta of 1.92. Generac Holdings Inc. has a 52-week low of $134.80 and a 52-week high of $296.44.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GNRC. Wall Street Zen raised shares of Generac from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Robert W. Baird set a $305.00 price objective on shares of Generac in a report on Thursday, July 30th. Canaccord Genuity Group lowered their target price on Generac from $325.00 to $275.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Zacks Research raised Generac from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Finally, Raymond James Financial set a $302.00 price target on Generac in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $284.84.

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.