Bcwm LLC Purchases 13,685 Shares of Generac Holdings Inc. $GNRC

Bcwm LLC grew its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 23.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,937 shares of the technology company’s stock after acquiring an additional 13,685 shares during the quarter. Generac comprises 2.9% of Bcwm LLC’s holdings, making the stock its 14th largest holding. Bcwm LLC’s holdings in Generac were worth $9,674,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GNRC. Massachusetts Financial Services Co. MA lifted its holdings in shares of Generac by 127.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 959,337 shares of the technology company’s stock valued at $130,825,000 after purchasing an additional 536,732 shares in the last quarter. Norges Bank bought a new position in shares of Generac in the fourth quarter valued at approximately $68,590,000. Robeco Schweiz AG bought a new position in shares of Generac in the fourth quarter valued at approximately $51,020,000. Victory Capital Management Inc. lifted its holdings in shares of Generac by 17.9% in the third quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock valued at $355,530,000 after purchasing an additional 324,809 shares in the last quarter. Finally, Holocene Advisors LP lifted its holdings in shares of Generac by 346.6% in the second quarter. Holocene Advisors LP now owns 356,623 shares of the technology company’s stock valued at $51,072,000 after purchasing an additional 276,775 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GNRC shares. Raymond James Financial set a $302.00 target price on Generac in a report on Friday, May 22nd. Roth Mkm restated a “neutral” rating and issued a $257.00 target price on shares of Generac in a report on Thursday, April 30th. Argus raised their target price on Generac from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Stifel Nicolaus set a $275.00 target price on Generac in a report on Thursday, April 30th. Finally, TD Cowen increased their price target on Generac from $255.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and an average price target of $276.88.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction 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 in the company, valued at approximately $153,653,231.04. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.40% of the company’s stock.

Generac Stock Performance

NYSE:GNRC opened at $261.39 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99. The business has a fifty day simple moving average of $237.45 and a two-hundred day simple moving average of $197.55. Generac Holdings Inc. has a 1 year low of $123.66 and a 1 year high of $294.18. The company has a market capitalization of $15.39 billion, a P/E ratio of 81.94, a P/E/G ratio of 2.45 and a beta of 1.93.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.47. Generac had a return on equity of 15.45% and a net margin of 4.37%.The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business posted $1.26 earnings per share. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts expect that Generac Holdings Inc. will post 8.91 earnings per share for the current year.

Generac Company 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.