International Assets Investment Management LLC Acquires New Shares in Generac Holdings Inc. (NYSE:GNRC)

International Assets Investment Management LLC bought a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 138,933 shares of the technology company’s stock, valued at approximately $17,956,000. International Assets Investment Management LLC owned about 0.23% of Generac as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in GNRC. Commonwealth Equity Services LLC raised its position in shares of Generac by 18.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 75,881 shares of the technology company’s stock worth $8,268,000 after purchasing an additional 11,704 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Generac by 9.5% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 14,942 shares of the technology company’s stock valued at $1,628,000 after acquiring an additional 1,300 shares during the last quarter. Xponance Inc. increased its position in Generac by 5.9% during the 3rd quarter. Xponance Inc. now owns 9,675 shares of the technology company’s stock worth $1,054,000 after purchasing an additional 540 shares in the last quarter. Raymond James & Associates lifted its holdings in Generac by 6.2% in the 3rd quarter. Raymond James & Associates now owns 148,479 shares of the technology company’s stock valued at $16,178,000 after purchasing an additional 8,634 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Generac by 11.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 73,797 shares of the technology company’s stock worth $8,041,000 after purchasing an additional 7,644 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

NYSE:GNRC opened at $133.38 on Friday. The firm has a 50-day moving average of $124.48 and a two-hundred day moving average of $118.20. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.29 and a quick ratio of 0.94. The stock has a market cap of $8.06 billion, a P/E ratio of 36.74, a PEG ratio of 1.76 and a beta of 1.41. Generac Holdings Inc. has a 1-year low of $79.86 and a 1-year high of $156.95.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The firm had revenue of $889.27 million during the quarter, compared to analyst estimates of $886.60 million. During the same quarter last year, the firm earned $0.63 EPS. Generac’s quarterly revenue was up .2% on a year-over-year basis. On average, research analysts expect that Generac Holdings Inc. will post 6.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Roth Mkm boosted their price objective on shares of Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. TD Cowen decreased their price objective on Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Oppenheimer upped their target price on Generac from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday. Robert W. Baird raised their price target on Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, Citigroup upped their price objective on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Generac currently has an average rating of “Moderate Buy” and an average price target of $142.40.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00. Following the transaction, the chief executive officer now owns 587,177 shares of the company’s stock, valued at $82,175,421.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.