Ranger Investment Management L.P. Makes New $14.35 Million Investment in Generac Holdings Inc. $GNRC

Ranger Investment Management L.P. purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 49,005 shares of the technology company’s stock, valued at approximately $14,349,000.

A number of other institutional investors have also recently bought and sold shares of the business. N.E.W. Advisory Services LLC acquired a new position in shares of Generac in the 2nd quarter valued at about $25,000. MUFG Securities EMEA plc purchased a new position in Generac during the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new position in Generac during the third quarter valued at approximately $26,000. Avalon Trust Co acquired a new position in Generac in the 1st quarter valued at approximately $32,000. Finally, Essential Partners LLC increased its stake in Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after buying an additional 61 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Norman P. Taffe sold 550 shares of Generac stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total transaction of $120,356.50. Following the sale, the insider owned 15,508 shares of the company’s stock, valued at approximately $3,393,615.64. This trade represents a 3.43% decrease in their position. 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. Also, insider Kyle Andrew Raabe sold 586 shares of Generac stock in a transaction on Friday, August 7th. The stock was sold at an average price of $213.35, for a total transaction of $125,023.10. Following the sale, the insider owned 10,746 shares in the company, valued at $2,292,659.10. This represents a 5.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 12,236 shares of company stock valued at $2,871,273. 2.40% of the stock is owned by company insiders.

Generac Stock Performance

NYSE:GNRC opened at $206.51 on Monday. The firm has a market capitalization of $12.19 billion, a PE ratio of 47.58, a PEG ratio of 1.75 and a beta of 1.92. Generac Holdings Inc. has a 1 year low of $134.80 and a 1 year high of $296.44. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. The firm’s fifty day simple moving average is $233.63 and its 200 day simple moving average is $229.74.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.90. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Generac had a net margin of 5.82% and a return on equity of 17.83%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 earnings per share. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 9.78 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on GNRC. Stifel Nicolaus boosted their price target on shares of Generac from $275.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Weiss Ratings raised Generac from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Generac in a research note on Wednesday, June 3rd. Barclays lowered their price target on Generac from $285.00 to $278.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Finally, DA Davidson set a $333.00 price objective on Generac in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.84.

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.