Polianta Ltd Makes New Investment in Generac Holdings Inc. $GNRC

Polianta Ltd bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the 1st quarter, HoldingsChannel reports. The firm bought 7,900 shares of the technology company’s stock, valued at approximately $1,543,000.

A number of other large investors also recently made changes to their positions in GNRC. Nicollet Investment Management Inc. boosted its holdings in shares of Generac by 0.7% during the fourth quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock worth $1,055,000 after purchasing an additional 50 shares during the period. Gen Wealth Partners Inc grew its position in Generac by 8.7% during the fourth quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company’s stock valued at $92,000 after purchasing an additional 54 shares in the last quarter. Meridian Financial Partners LLC increased its stake in Generac by 0.6% in the 4th quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company’s stock valued at $1,371,000 after buying an additional 61 shares during the period. Argent Trust Co increased its stake in Generac by 2.3% in the 3rd quarter. Argent Trust Co now owns 3,272 shares of the technology company’s stock valued at $548,000 after buying an additional 73 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Generac by 2.7% in the 3rd quarter. NewEdge Advisors LLC now owns 2,749 shares of the technology company’s stock valued at $460,000 after buying an additional 73 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Trading Down 0.0%

Shares of NYSE:GNRC opened at $279.09 on Friday. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $16.43 billion, a PE ratio of 87.49, a P/E/G ratio of 2.61 and a beta of 1.93. Generac Holdings Inc. has a 1 year low of $125.80 and a 1 year high of $294.18. The firm has a fifty day moving average price of $251.44 and a 200 day moving average price of $205.86.

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, topping 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 return on equity of 15.45% and a net margin of 4.37%.The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 earnings per share. Analysts expect that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Norman P. Taffe sold 550 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s 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 sale, the chief executive officer owned 564,528 shares of the company’s stock, valued at approximately $153,653,231.04. This trade represents a 0.88% 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. 2.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Generac from $226.00 to $263.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. UBS Group upped their price target on shares of Generac from $305.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. TD Cowen increased their price objective on Generac from $255.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Argus lifted their price objective on Generac from $255.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company boosted their target price on Generac from $238.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Generac presently has an average rating of “Moderate Buy” and an average price target of $278.65.

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.