Generac Holdings Inc. $GNRC Shares Acquired by Geremia Financial Services LLC

Geremia Financial Services LLC boosted its position in Generac Holdings Inc. (NYSE:GNRC) by 8.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,072 shares of the technology company’s stock after purchasing an additional 3,719 shares during the quarter. Generac comprises about 7.5% of Geremia Financial Services LLC’s portfolio, making the stock its 6th biggest holding. Geremia Financial Services LLC owned approximately 0.08% of Generac worth $9,195,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GNRC. MUFG Securities EMEA plc acquired a new stake in shares of Generac during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Generac in the third quarter valued at about $26,000. GHP Investment Advisors Inc. acquired a new position in shares of Generac in the first quarter valued at about $36,000. Root Financial Partners LLC increased its position in Generac by 32.9% during the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock worth $43,000 after acquiring an additional 54 shares during the period. Finally, IFP Advisors Inc raised its stake in Generac by 33.8% in the 4th quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock worth $59,000 after purchasing an additional 110 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Trading Up 0.2%

Shares of Generac stock opened at $253.04 on Friday. The company has a market capitalization of $14.90 billion, a price-to-earnings ratio of 79.32, a PEG ratio of 2.36 and a beta of 1.89. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47. Generac Holdings Inc. has a 12-month low of $134.80 and a 12-month high of $296.44. The firm’s 50-day moving average price is $265.08 and its two-hundred day moving average price is $214.05.

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

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the completion of the sale, the chief executive officer directly owned 564,528 shares in the company, valued at $153,653,231.04. This represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction 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 sale, the insider owned 16,108 shares of the company’s stock, valued at $4,385,564.08. The trade was a 3.30% 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. Company insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GNRC. Wall Street Zen raised shares of Generac from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Roth Mkm reaffirmed a “neutral” rating and set a $257.00 target price on shares of Generac in a report on Thursday, April 30th. Robert W. Baird set a $311.00 price target on shares of Generac in a research report on Thursday, April 30th. TD Cowen boosted their price target on Generac from $255.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Generac in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.18.

About Generac

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.