Parkside Investments LLC Takes $4.68 Million Position in Generac Holdings Inc. $GNRC

Parkside Investments LLC bought a new stake in Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 34,335 shares of the technology company’s stock, valued at approximately $4,682,000. Parkside Investments LLC owned 0.06% of Generac as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Generac in the third quarter valued at about $26,000. Sentry Investment Management LLC boosted its position in shares of Generac by 69.8% in the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after acquiring an additional 67 shares during the period. MUFG Securities EMEA plc bought a new stake in shares of Generac in the second quarter valued at about $25,000. Parkside Financial Bank & Trust boosted its position in shares of Generac by 47.3% in the third quarter. Parkside Financial Bank & Trust now owns 274 shares of the technology company’s stock valued at $46,000 after acquiring an additional 88 shares during the period. Finally, Hazlett Burt & Watson Inc. bought a new stake in shares of Generac in the third quarter valued at about $46,000. Institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of recent research reports. Bank of America reduced their target price on shares of Generac from $260.00 to $248.00 and set a “buy” rating for the company in a research report on Thursday, March 26th. Roth Mkm reaffirmed a “neutral” rating and set a $257.00 price objective on shares of Generac in a research report on Thursday, April 30th. Argus upped their price objective on shares of Generac from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Wells Fargo & Company upped their price objective on shares of Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Guggenheim reaffirmed a “neutral” rating and set a $202.00 price objective on shares of Generac in a research report on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and an average target price of $276.88.

Generac Trading Up 0.1%

GNRC opened at $270.50 on Tuesday. Generac Holdings Inc. has a twelve month low of $118.09 and a twelve month high of $276.80. The company has a 50-day simple moving average of $224.11 and a 200 day simple moving average of $190.20. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $15.92 billion, a price-to-earnings ratio of 84.80, a P/E/G ratio of 2.53 and a beta of 1.93.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, topping 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 business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the business posted $1.26 earnings per share. Generac’s revenue was up 12.5% compared to the same quarter last year. Analysts predict that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.

Insider Activity at Generac

In other news, CFO York A. Ragen sold 24,362 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the transaction, the chief financial officer owned 137,182 shares of the company’s stock, valued at approximately $32,321,451.02. This represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.40% of the company’s stock.

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.