Baird Financial Group Inc. Has $9.06 Million Stock Holdings in Generac Holdings Inc. $GNRC

Baird Financial Group Inc. grew its holdings in Generac Holdings Inc. (NYSE:GNRC) by 18.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 63,253 shares of the technology company’s stock after purchasing an additional 9,679 shares during the quarter. Baird Financial Group Inc.’s holdings in Generac were worth $9,058,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Integrity Alliance LLC. bought a new position in shares of Generac in the 1st quarter valued at approximately $299,000. Amundi grew its holdings in Generac by 8.2% during the first quarter. Amundi now owns 105,038 shares of the technology company’s stock valued at $12,147,000 after purchasing an additional 7,923 shares during the last quarter. Epoch Investment Partners Inc. raised its position in shares of Generac by 169.1% in the first quarter. Epoch Investment Partners Inc. now owns 20,423 shares of the technology company’s stock valued at $2,587,000 after purchasing an additional 12,833 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of Generac in the second quarter valued at approximately $217,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Generac by 30.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60,007 shares of the technology company’s stock worth $7,600,000 after buying an additional 13,842 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $166.43, for a total transaction of $832,150.00. Following the completion of the transaction, the chief executive officer owned 542,966 shares in the company, valued at $90,365,831.38. This trade represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by corporate insiders.

Generac Stock Up 1.1%

GNRC opened at $164.07 on Tuesday. The company has a market capitalization of $9.63 billion, a P/E ratio of 31.25, a P/E/G ratio of 1.62 and a beta of 1.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.18 and a quick ratio of 1.02. The firm’s fifty day moving average price is $165.60 and its two-hundred day moving average price is $163.00. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). Generac had a return on equity of 17.63% and a net margin of 6.92%.The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business posted $2.25 earnings per share. Generac’s revenue was down 5.0% on a year-over-year basis. On average, analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GNRC. Barclays raised their target price on shares of Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. upgraded Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price objective on the stock in a research note on Monday. Needham & Company LLC assumed coverage on Generac in a research report on Wednesday, October 22nd. They set a “buy” rating and a $248.00 price objective for the company. Citigroup lowered their target price on Generac from $217.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a research report on Wednesday, October 8th. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $191.28.

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.