AGP Franklin LLC Makes New $2.16 Million Investment in Generac Holdings Inc. $GNRC

AGP Franklin LLC bought a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 11,080 shares of the technology company’s stock, valued at approximately $2,164,000.

A number of other institutional investors have also recently made changes to their positions in GNRC. NewEdge Advisors LLC boosted its position in Generac by 6.2% during the first quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock worth $309,000 after purchasing an additional 142 shares during the period. Woodline Partners LP lifted its stake in shares of Generac by 40.9% during the 1st quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock valued at $638,000 after buying an additional 1,463 shares in the last quarter. First Trust Advisors LP boosted its holdings in Generac by 27.6% in the 2nd quarter. First Trust Advisors LP now owns 101,298 shares of the technology company’s stock worth $14,507,000 after buying an additional 21,908 shares during the period. Cerity Partners LLC boosted its holdings in Generac by 1.6% in the 2nd quarter. Cerity Partners LLC now owns 50,550 shares of the technology company’s stock worth $7,239,000 after buying an additional 816 shares during the period. Finally, California Public Employees Retirement System grew its stake in Generac by 8.6% in the 2nd quarter. California Public Employees Retirement System now owns 104,246 shares of the technology company’s stock valued at $14,929,000 after buying an additional 8,213 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Transactions at Generac

In other Generac news, insider Norman P. Taffe sold 550 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $272.26, for a total value of $149,743.00. Following the sale, the insider owned 16,108 shares of the company’s stock, valued at $4,385,564.08. This trade represents a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $272.18, for a total value of $1,360,900.00. Following 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Generac in a report on Wednesday, June 3rd. Barclays lifted their price target on Generac from $213.00 to $228.00 and gave the company an “equal weight” rating in a research report on Friday, March 27th. Raymond James Financial set a $302.00 price objective on Generac in a research note on Friday, May 22nd. Stifel Nicolaus set a $275.00 price objective on Generac in a report on Thursday, April 30th. Finally, TD Cowen raised their target price on Generac from $255.00 to $285.00 and gave the stock a “buy” rating in a research note 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 issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $278.65.

Generac Stock Up 6.0%

GNRC opened at $295.79 on Tuesday. The firm has a market capitalization of $17.41 billion, a P/E ratio of 92.72, a price-to-earnings-growth ratio of 2.61 and a beta of 1.93. Generac Holdings Inc. has a one year low of $126.72 and a one year high of $296.03. The company has a fifty day moving average price of $253.22 and a 200-day moving average price of $207.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99.

Generac (NYSE:GNRC) last issued its quarterly earnings data 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. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Generac had a return on equity of 15.45% and a net margin of 4.37%.The firm’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 earnings per share. Equities research analysts expect that Generac Holdings Inc. will post 8.91 earnings per share for the current fiscal 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.