Marble Wealth LLC Makes New $250,000 Investment in Generac Holdings Inc. $GNRC

Marble Wealth LLC bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,831 shares of the technology company’s stock, valued at approximately $250,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NewEdge Advisors LLC boosted its stake 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 acquiring an additional 142 shares in the last quarter. Woodline Partners LP increased its stake in shares of Generac by 40.9% during the first quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock valued at $638,000 after purchasing an additional 1,463 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Generac by 27.6% during the second quarter. First Trust Advisors LP now owns 101,298 shares of the technology company’s stock valued at $14,507,000 after purchasing an additional 21,908 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Generac by 1.6% during the second quarter. Cerity Partners LLC now owns 50,550 shares of the technology company’s stock valued at $7,239,000 after purchasing an additional 816 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Generac by 8.6% in the 2nd quarter. California Public Employees Retirement System now owns 104,246 shares of the technology company’s stock worth $14,929,000 after purchasing an additional 8,213 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Stock Performance

GNRC stock opened at $278.39 on Friday. The stock’s 50 day simple moving average is $236.32 and its 200 day simple moving average is $197.10. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. Generac Holdings Inc. has a 12-month low of $123.66 and a 12-month high of $294.18. The stock has a market capitalization of $16.39 billion, a PE ratio of 87.27, a price-to-earnings-growth ratio of 2.67 and a beta of 1.93.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, April 29th. The technology company reported $1.80 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 analyst estimates of $1.05 billion. During the same quarter last year, the company earned $1.26 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, research analysts forecast that Generac Holdings Inc. will post 8.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GNRC. 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. Raymond James Financial set a $302.00 target price on Generac in a report on Friday, May 22nd. Stifel Nicolaus set a $275.00 target price on Generac in a research note on Thursday, April 30th. Bank of America lowered their price target on Generac from $260.00 to $248.00 and set a “buy” rating for the company in a research report on Thursday, March 26th. Finally, Canaccord Genuity Group upped their price target on shares of Generac from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Generac has a consensus rating of “Moderate Buy” and a consensus target price of $276.88.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated 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 sale, the chief executive officer directly owned 564,528 shares in the company, valued at approximately $153,653,231.04. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a filing 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. 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.